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martasia
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What version 1of 2016 do I purchase to complet k-

 
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2 Replies

What version 1of 2016 do I purchase to complet k-

Do you need to issue a Form K-1, or enter one that you received?

What version 1of 2016 do I purchase to complet k-

IF you are the recipient or going to be the recipient of a complete Schedule K-1 from an Estate or Trust, or a Partnership, then any version of the Desktop software products provides the capability to enter the data from that K-1 you receive onto your own Form 1040 filing.  

In comparison, Online system would require you to be at either Premier or Self-Employed level.

If you are instead responsible for producing a Schedule K-1, as above, to distribute to someone else who received income, then you would need specifically the Desktop BUSINESS product.

If this posted response is useful to you, please click on the upraised hand in the lower left of this post. Thank you. Scruffy Curmudgeon--PFFM/ IAFF, retired FireFighter/Paramedic - Locals 718/30, Veteran USAR O3 AIS/ASA '65-'67


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