Which version to use for K1 income? Can I use online to import 1099's and the K1 forms?

[mt43]

Which version to use for K1 income? Can I use online to import 1099's and the K1 forms?  A few years ago, I tried to use Online, then when came to K1's it said I had to use download version which had more features. MY computer is pretty full so would like to avoid downloading more software.  Thanks. 

[VolvoGirl]

You need to use Online Premium or any of the Desktop programs to enter a K-1.  You can only import a K-1 to the Desktop CD/Download Software, not to Online version and if you can get a .txf file for it and in the right format. Apparently you can only import K-1s for MLPs and not Trusts or Estates. You can not import a K-1 from Turbo Tax Business Program.

It should be just as easy to manually enter  the K-1.
To enter a K-1 go to

Federal Taxes Tab or Personal (Home & Business version)

Wages and Income

Then scroll way down to S-Corp, Partnerships and Trusts

Schedules K-1 - Click the Start or Update button

Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S

[mt43]

Typed it all in last year- multiple K1's, laborious and honestly confusing. Thanks for your help.