Business & farm

Yes the Desktop Deluxe should have s K-1.  All the Desktop programs have the same forms. You just get more help and guidance in the higher versions. 

To enter a K-1 go to

Federal Taxes Tab or Personal (Home & Business version)

Wages and Income

Then scroll way down to Business items

Schedules K-1, Q - Click the Start or Update button

 

Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S