If I have a schedule k-1 do I have to pay for the full tax option $209?

If you can prepare your return by yourself using only the software, and you don't want a live expert to review things, you need Premier Online or Deluxe Desktop (the desktop version is purchased as a CD or download to install on your own computer.)

Premier online looks to be $89 plus $59 per state at the present time (Prices subject to change).  Prices for the Desktop version depend on where you buy it.

If you are using the TurboTax online editions the Schedule K-1 can be entered using the Premier online edition $89.  https://turbotax.intuit.com/personal-taxes/online/

To enter a Schedule K-1

Click on Federal
Click on Wages & Income (Income & Expenses using Self-Employed)
Scroll down to S-corps, Partnerships, and Trusts
On Schedule K-1, click on the start or update button

Or enter k-1 in the Search box located in the upper right of the program screen. Click on Jump to k-1