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The K-1 will prevent you from being about to use TurboTax Free Edition. The 1099-Rs and estimated taxes are included in the Free Edition, but not the K-1. Those require Schedule E.
K-1s require Premium version if you are using TurboTax Online (click link to see forms included with each version). If you use the desktop, any version will work. All versions of desktop, even Basic, include all the forms; there is just more on screen guidance in the higher versions.
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