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December 28, 2024
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Which version of Turbo Tax 2024 do I need if I need to file a k-1 partnership?

  • December 28, 2024
  • 1 reply
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    Best answer by DoninGA

    You will need the TurboTax Business Edition to complete the Form 1065 Partnership return and issue the Schedule K-1 for the partnership.

    The TurboTax Business Edition can only be installed on a Windows based personal computer and it cannot be used for a personal tax return, Form 1040.

    Go to this TurboTax website for the Business Edition - https://turbotax.intuit.com/small-business-taxes/cd-download/

     

    Or if you are referring to entering a Schedule K-1 you received from a partnership to enter on your personal tax return, then you would need the TurboTax Premium online edition - https://turbotax.intuit.com/personal-taxes/online/premium/

     

    Or you can use any of the TurboTax desktop editions since all support entry of a Schedule K-1 - https://turbotax.intuit.com/personal-taxes/cd-download/

    1 reply

    DoninGA
    DoninGAAnswer
    Employee
    December 28, 2024

    You will need the TurboTax Business Edition to complete the Form 1065 Partnership return and issue the Schedule K-1 for the partnership.

    The TurboTax Business Edition can only be installed on a Windows based personal computer and it cannot be used for a personal tax return, Form 1040.

    Go to this TurboTax website for the Business Edition - https://turbotax.intuit.com/small-business-taxes/cd-download/

     

    Or if you are referring to entering a Schedule K-1 you received from a partnership to enter on your personal tax return, then you would need the TurboTax Premium online edition - https://turbotax.intuit.com/personal-taxes/online/premium/

     

    Or you can use any of the TurboTax desktop editions since all support entry of a Schedule K-1 - https://turbotax.intuit.com/personal-taxes/cd-download/

    December 31, 2024

    Thank you very much. So does this mean I could use Turbo Tax Deluxe desktop edition to enter a k-1 I received from a partnership?

    DoninGA
    Employee
    December 31, 2024

    @Chicksgirl wrote:

    Thank you very much. So does this mean I could use Turbo Tax Deluxe desktop edition to enter a k-1 I received from a partnership?


    Yes, the TurboTax Deluxe desktop edition supports a Schedule K-1.