you need two different products. TurboTax Business to do the partnership return. it can only be installed on a full Windows computer OS above windows 7. it seems you have no experience with preparing a partnership return. I strongly recommend you use the services of a tax pro the first year. Getting off to a wrong start can be difficult to correct especially if not caught in the earliest years. obvious issues could result in an IRS audit but that could be two or more years after filing the initial return.
for your personal return online either TurboTax Premier or TurboTax Home and Business can handle your K-1 partnership income. all desktop versions handle K-1's just that the higher versions provide more guidance.
the pro would prepare the partnership return which would include a K-1 for each partner. you then would enter the info from your k-1 into your personal return.
note that a partnership return is due March 15th (not April 15th) of the following year. late filing penalties are about $200/month/partner. filing of the return can be extended.
