Which version of turbotax do I need to file income or loss from a partnership?

[dnurok]

Which version of turbotax should I purchase in order to file Schedule K1 for income or loss from a partnership?

[SweetieJean]

Do you need to prepare a K-1, or did you receive one?

[DoninGA · Accepted solution]

To complete a Schedule K-1 and your business is a Partnership, C Corp, S Corp or multi-member LLC you would need to purchase the TurboTax Business Edition.  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 website for the Business Edition - https://turbotax.intuit.com/small-business-taxes/

To enter a Schedule K-1 received on a personal tax return you would need to use either the Premier or Self-Employed online editions - https://turbotax.intuit.com/personal-taxes/online/

To enter a Schedule K-1 received on a personal tax return you can use any of the desktop CD/Download editions - https://turbotax.intuit.com/personal-taxes/cd-download/