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As beneficiary on a trust (received a Schedule K-1, Form 1041), can I report that information on the Home and Business online version or do I need to buy the disc?
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@iiisee wrote:
Yes, but I typically use the online version of Home and Business - and would like to this year. Previous comments on this forum suggest all disc versions allow input of K-1, Form 1041 info and but not all online versions do.
Only the Premium online edition supports entry of a Schedule K-1
Online Edition-
To enter a Schedule K-1
Click on Federal
Click on Wages & Income
Scroll down to S-corps, Partnerships, and Trusts
On Schedule K-1, Q, click on the start or revisit button
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