topic Which version of TurboTax for K-1? in Get your taxes done using TurboTax

Which version of TurboTax for K-1?

jsemmens3 — Mon, 23 Feb 2026 12:50:03 GMT

I am trying to figure out which version of TurboTax I need to purchase to be able to file a schedule K-1. Can you recommend the correct version? Thanks,

Re: Which version of TurboTax for K-1?

old turk — Fri, 10 Feb 2023 22:40:22 GMT

If you are reporting items from a K-1 that you received, TTx Basic will ask you about K-1 in the income portion, and will generate the required form input.

Having said that, if you have a complex K-1, then you may have to upgrade to the more expensive versions that will interview you on various types of passive versus active income but the basic version worked for me on a distribution from an estate last year. 🙂

Re: Which version of TurboTax for K-1?

VolvoGirl — Fri, 10 Feb 2023 22:41:59 GMT

If you are using the Online browser version you need Premier to enter a K-1. If you have the Desktop CD/Download program installed any version will work.

To enter a K-1 go to

Federal Taxes Tab or Personal (Home & Business version)

Wages and Income

Then scroll way down to S-Corp, Partnerships and Trusts

Schedules K-1 - Click the Start or Update button

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

Enter each k-1 separately.
ps…..you don’t enter K-1s you get for IRA, 401K or retirement accounts.

Re: Which version of TurboTax for K-1?

nonna1946 — Fri, 10 Feb 2023 22:42:21 GMT

You need Business. It states on this version that it is for K-1's.

Re: Which version of TurboTax for K-1?

RobertB4444 — Fri, 10 Feb 2023 22:46:14 GMT

TurboTax Business. You'll want the desktop/download version.

Get that here.

@jsemmens3

Re: Which version of TurboTax for K-1?

PAPY3 — Mon, 15 Apr 2024 04:59:42 GMT

Turbo Tax Business will only allow you to create K-1s to distribute to partners of the company. If you have received a K-1 and need to enter it as part of your personal tax return do NOT buy "Turbo Tax Business".

Re: Which version of TurboTax for K-1?

jeannecross101 — Thu, 03 Oct 2024 21:47:12 GMT

Hello! I am transitioning to a two owner s-corp of two members only with my spouse. I understand Turbo will not allow me to complete a 2553. Excluding a 2553, can I complete all remaining forms via turbo (as Gusto will be submitting the W2 form via payroll). Thanks!

Re: Which version of TurboTax for K-1?

hcpatel78 — Mon, 17 Mar 2025 12:16:08 GMT

Which version of TurboTax Desktop needed to REPORT my K-1 income.?

I already have K-1 from my business tax filing. I would like to report in in my personal tax return.

Re: Which version of TurboTax for K-1?

DoninGA — Mon, 17 Mar 2025 12:31:26 GMT

@hcpatel78 wrote:

Which version of TurboTax Desktop needed to REPORT my K-1 income.?

I already have K-1 from my business tax filing. I would like to report in in my personal tax return.

If you will be using the TurboTax online web-based editions for your personal tax return, you will need the Premium online edition to report the Schedule K-1.

If you will be using the TurboTax desktop editions installed on a personal computer, any of the desktop editions can be used as they all support entry of a Schedule K-1

Re: Which version of TurboTax for K-1?

smoore3 — Tue, 01 Apr 2025 17:08:34 GMT

Do you mean the Premier Version? Every year I'm so confused about what version is needed and worried that something may change in the Features of each Version.

Re: Which version of TurboTax for K-1?

VolvoGirl — Tue, 01 Apr 2025 17:36:33 GMT

The name has changed in the Online browser version. Premier and the Self Employed version were combined into Premium.

Desktop is still called Premier. And you can use any Desktop version. All the Desktop programs have the same forms, you just get more help and guidance in the higher versions.

Re: Which version of TurboTax for K-1?

TaxesForGetSmart — Tue, 19 Aug 2025 22:44:18 GMT

I will need to input from 4 passive K-1s into my personal return. It sounds like Basic/Deluxe/Premium on the desktop will likely do it, but I just wanted to confirm.

Re: Which version of TurboTax for K-1?

VolvoGirl — Tue, 19 Aug 2025 22:58:26 GMT

Yes you can use any Desktop program. All the Desktop programs have the same forms. You just get more help and guidance in the higher versions. And in Desktop it’s called Premier, not Premium. Premium is the new name for the Online version that combined Premium and the Self Employed version. You will need Premium for K-1 in the Online version.

Re: Which version of TurboTax for K-1?

user17719032717 — Tue, 24 Feb 2026 03:22:41 GMT

If your income is resported on a Schedule K-1, you can use Home&Business, Premier and possibly others. If you need to do a return to PRODUCE a Schedule K-1 for a beneficiary, then you must use Business.

Re: Which version of TurboTax for K-1?

user17719032717 — Tue, 24 Feb 2026 03:23:57 GMT

You must use Business to CREATE a schedule k1. If a person is just reporting income from a K1 there are other options.