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February 5, 2023
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Can Turbo-Tax prepare a 2020 1120S and 1040 ?

  • February 5, 2023
  • 1 reply
  • 0 views
Are 2020 tax returns available now?
Best answer by Anonymous_

You need to consult with a local tax professional. 2020 returns are extremely late at this time and there are severe penalties for late filing of S corporation returns (which can be ameliorated).

 

See https://taxexperts.naea.org/listing/service/corporations

 

Otherwise, you can use the 2020 edition of TurboTax Business for your 1120-S and then a TurboTax personal tax preparation product for your 1040.

 

See https://turbotax.intuit.com/personal-taxes/past-years-products/2020

 

 

1 reply

Employee
February 5, 2023

You need to consult with a local tax professional. 2020 returns are extremely late at this time and there are severe penalties for late filing of S corporation returns (which can be ameliorated).

 

See https://taxexperts.naea.org/listing/service/corporations

 

Otherwise, you can use the 2020 edition of TurboTax Business for your 1120-S and then a TurboTax personal tax preparation product for your 1040.

 

See https://turbotax.intuit.com/personal-taxes/past-years-products/2020