The TurboTax products that support K-1’s are: TurboTax Online Premier and Self Employed. TurboTax CD\Download Deluxe, Premier and Home & Business. What’s the difference between TurboTax Online and the TurboTax CD/Download?
Can I use TurboTax Deluxe If I have a K-1?
Using the online editions of TurboTax you will need to upgrade to either the Premier or Self-Employed editions to enter a Schedule K-1. The Deluxe edition does not support a Schedule K-1.
What TurboTax should I use if I have a k1?
Yes – You need to use the Premier version of TurboTax to enter a Schedule K-1 in TurboTax. Please make sure you use the right K-1 entry form. There are actually three types of K-1s, depending on the type of entity creating the K-1: partnership, S-corporation and trust/estate.
Which TurboTax should I use if I have a K-1?
TurboTax Premier
Which turbo tax software version should I use if I have k-1 partnership income? You should use TurboTax Premier (either the online or CD/Download vesion). You could also use TurboTax Self-Employed (online) or Home & Business (CD/Download) if you are self-employed.
How does TurboTax help you file your K-1?
TurboTax will help you easily file your K-1 income, deductions, and credits. Learn more about the ins and outs of a Schedule K-1 at the TurboTax AnswerXchange and discover more answers to trending questions from TurboTax support experts and customers like you.
Which is version of TurboTax do I need if I have?
Which version of TurboTax do I need if I have a K-1 from my mother’s estate? The TurboTax products that support K-1’s are: TurboTax Online Premier and Self Employed. TurboTax CD\Download Deluxe, Premier and Home & Business.
Do you need TurboTax business to file business taxes?
To prepare a corporate, trust or partnership return you would need Turbotax Business. This is a separate program from Turbotax Home and Business. TT Business is a program only available for desktop use (there is no on-line version.) See Turbotax Business will prepare
Do you need to upgrade to Premier for TurboTax?
Answer Yes and follow the prompts. Note: You may be prompted to upgrade to Premier, depending on which version of TurboTax you’re using. On the other hand, if your e-filed return was already accepted or you already mailed it in, you’ll need to amend to add the K-1 to your taxes.