Question

Which turbotax product to use?

Forum|Forum|3 years ago
November 25, 2022
1 reply
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I'm a doctor in a partnership. I receive a K1. Which turbotax product should I use?

Can I use the online "premier" or do I need to upgrade to download "business" ?

Employee

A Schedule K-1 can only be entered on either the Premier or Self-Employed online editions for your personal tax return, Form 1040. The TurboTax online editions for tax year 2022 will be available in early December.

For the 2022 desktop editions, any of the TurboTax desktop CD/Download editions can be used to enter the Schedule K-1 on your personal tax return, Form 1040 - https://turbotax.intuit.com/personal-taxes/cd-download/

To complete and file a Partnership tax return, Form 1065, you will need to use the TurboTax Business Edition. The Business Edition can only be installed on a Windows based personal computer, not on a Mac or online. The Business Edition cannot be used to complete a personal tax return, Form 1040.

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