Does the Home & Business version of Turbo Tax allow import of K-1 Schedules or do I have to enter the data manually?

[LinaJ2018 · Accepted solution]

No, TurboTax Home & Business version does not allow the import of Schedule K-1s.  

In fact, you will not be able to import K-1 information in any of the TurboTax programs. You need to enter the information manually through the step-by-step interview questions by following the prompts:

1. After sign into your account, select Pick up where you left off

2.  At the right upper corner, in the search box, type in K1 and Enter 

3.  Select the 1st choice on the search results - Jump to K1

4.  On next screen, Schedules K-1 or Q, make your selection and Continue  

The program will allocate the entries or information onto your return or guide you to enter the information in the appropriate areas accordingly.