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Returning Member
posted Mar 30, 2019 2:07:16 PM

Which Turbo Tax product should I use if receiving a K-1

In 2018 we changed my husband's business structure from a sole-proprietor filing a Schedule C to an LLC Partnership, with my husband and I as members.  Due to this change, I have had a CPA prepare the 1065 partnership return and we will be receiving a K-1.  Will the Turbo Tax Home and Business software suffice to prepare our 1040 joint return?

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3 Replies
Employee Tax Expert
Mar 31, 2019 5:43:19 AM

Yes, you can use TurboTax Home and Business to enter a K-1.

Returning Member
Apr 1, 2019 10:33:42 AM

Thanks for the help, Paula

Employee Tax Expert
Apr 2, 2019 9:20:24 AM

You are so welcome 🙂