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C
cleona-worley-ya
December 28, 2022
Question

I get a K1 form from a dividend each year. I bought a TT Deluxe 2022. Before I open it I wanted to check to see if I can enter K1 in Deluxe or do I need Premier?

  • December 28, 2022
  • 1 reply
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1 reply

DoninGA
DoninGA
Employee
December 28, 2022

If you are using the TurboTax online editions you will need Premier or Self-Employed for the Schedule K-1.

 

If you are using the TurboTax desktop CD/Download editions installed on a personal computer all of the desktop editions support Schedule K-1.

    C
    cleona-worley-yaAuthor
    December 31, 2022

    Thank you. 

     

    I use the PC version. 

     

    Back to Costco to exchange!!!  Glad I did not open it,

     

    Happy New Year!

     

    Cleona

    M
    Mike9241
    December 31, 2022

    @cleona-worley-ya  all Turbotax PC versions can handle K-1s I use desktop Deluxe and it handles my K-1s fine. 

     

    you probably get the k-1 because your investment is really a master or publically traded partnership.  the money you call dividends are probably distributions that in themselves are not taxable but instead reduce your basis in the partnership 

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