I have K-1 income and expenses. Does the Premier version handle K-1 requirements?

Yes.  The Premier edition supports entry of a Schedule K-1

To enter a Schedule K-1

• Click on Federal Taxes 
• Click on Wages and Income 
• Click on I'll choose what I work on (if shown)
• Scroll down to Business Items 
• On Schedule K-1, Q, click on the start or update button

Or see this TurboTax support FAQ on entering a Schedule K-1 - https://ttlc.intuit.com/questions/1900938-where-do-i-enter-a-k-1-that-i-received

I'm looking for a screen to get me to "

federal taxes"

If you are using Turbo Tax Premier Software, the Federal Taxes tab will appear in your first landing page. If you are using the Turbo Tax premier online version, you will enter your income as federal>wages and income.

If you are using Turbo Tax Home and business software, you will not see a Federal Taxes tab but instead, you will enter your income under the Personal Tab.