Will the "Deluxe" Turbo Tax product suffice to handle K-1's or must we use the pricier "Business" edition? Many thanks.
Deluxe version will suffice for K-1s. If you normally use the direct data entry, I would suggest the step by step procedure for the more complicated K-1.
Stopoptions,How do you preform the direct data entry? Turbo Tax does not ask me if I want to download data in the K-1 area like it does in the stock/dividend/interest area. Thanks for any help in advance.
Why do you suggest the step by step procedure for the more complicated K-1? I use direct entry. What am I missing?
ALL versions of retail individual TT versions (Basic, Premier, etc handle all common tax situations including K1s.
Deluxe does just fine unless you have rentals. The more deluxe ones add NOTHING for K-1s.
I purchased the "Premier" from Costco. That will suffice.