To create a Form 1041 Schedule K-1 you would first have to complete the Trust tax return using the TurboTax Business Edition. The Business Edition can only be installed on a Windows based personal computer.
The Business Edition cannot be used complete a personal tax return, Form 1040.
Go to this TurboTax website to purchase and download the Business Edition - https://turbotax.intuit.com/small-business-taxes/cd-download/
If you received a Schedule K-1 and are using the TurboTax online editions you will need to upgrade to the Premium online edition to enter the Schedule K-1 - https://turbotax.intuit.com/personal-taxes/online/premium/
Any of the TurboTax desktop editions installed on a personal computer to enter a Schedule K-1.
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