For 2016 what version of Turbo Tax do I need for a Schedule K-1?

Are you receiving a Schedule K-1 or do you need to produce a Schedule K-1 to give to someone else?

received

To enter a Schedule K-1 received using the online editions you would need to use either the Premier or Self-Employed editions.

To enter a Schedule K-1 received using the desktop CD/Download editions, then any of the desktop editions can be used.