Schedule K

[Cooling]

I have received K1 (1120S) for my LLC operating as an S corp. Which version of TurboTax is best for me? I have in years past purchased Home and Business version. But feel it is overkill. Will Premier work for me?

[DavidD66]

If you're not filing a Schedule for self-employment income, you probably don't need Home and Business.  In TurboTax Desktop, you can do anything in Basic that you can do in Home and Business, there just isn't any "help".   The step by step instructions may not be there, but all the forms are available.  That said, if you have K-1s I wouldn't choose Basis.  Premiere would be good choice.  You could also start in Deluxe and then upgrade from within the program if you need to.  For more information, see Which TurboTax Desktop software product is right for you?