"If I have a relatively simple K-1 from a trust can I still use Turbotax Deluxe"
No, not the online version of TurboTax Deluxe. In order to enter information from a K-1 (even a simple K-1) with an online version of TurboTax, you will need at least TurboTax Premier.
You can, however, enter information from a K-1 with any desktop (CD/Download) version of TurboTax.
"If I have a relatively simple K-1 from a trust can I still use Turbotax Deluxe"
No, not the online version of TurboTax Deluxe. In order to enter information from a K-1 (even a simple K-1) with an online version of TurboTax, you will need at least TurboTax Premier.
You can, however, enter information from a K-1 with any desktop (CD/Download) version of TurboTax.
How do I enter a K-1 on turbo tax deluxe desktop version? TY
@Eduardo Tovar wrote:
How do I enter a K-1 on turbo tax deluxe? TY
The TurboTax online web-based edition of Deluxe does not support entry of a Schedule K-1, you would need to upgrade to the Premium edition.
To enter a Schedule K-1
Click on Federal
Click on Wages & Income
Scroll down to S-corps, Partnerships, and Trusts
On Schedule K-1, Q, click on the start or revisit button
I have the desktop deluxe version where do I enter the info please
@Eduardo Tovar wrote:
I have the desktop deluxe version where do I enter the info please
To enter a Schedule K-1
Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Business Items
On Schedule K-1, click on the start or update button
@Eduardo Tovar wrote:
Can this be done in the Deluxe version?
Yes, the Deluxe desktop CD/Download edition supports entry of a Schedule K-1. I gave you the procedure in my prior post above 2 hours ago.