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New Member
posted Jun 5, 2019 2:53:10 PM

I need to create a schedule K-1. What version of turbo tax do I purchase?

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1 Best answer
Level 15
Jun 5, 2019 2:53:11 PM

You would need the Business Edition and complete one of the tax returns based on the type of business or trust/estate tax return.  A Schedule K-1 would be created from corporate or trust/estate tax return.

The Business Edition can only be installed on a Windows based personal computer, not on a Mac or online.  The Business Edition cannot complete a personal tax return, Form 1040.  Go to this TurboTax website for the Business Edition - https://turbotax.intuit.com/small-business-taxes/

1 Replies
Level 15
Jun 5, 2019 2:53:11 PM

You would need the Business Edition and complete one of the tax returns based on the type of business or trust/estate tax return.  A Schedule K-1 would be created from corporate or trust/estate tax return.

The Business Edition can only be installed on a Windows based personal computer, not on a Mac or online.  The Business Edition cannot complete a personal tax return, Form 1040.  Go to this TurboTax website for the Business Edition - https://turbotax.intuit.com/small-business-taxes/