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October 15, 2022
Question

How do I generate a K1 for my corporation?

  • October 15, 2022
  • 1 reply
  • 0 views
I created an S Corp in 2021. I continued to work as a 1099 Subcontractor to supplement my income while building my S Corp. How do I create a K1 for my S Corp to file with my 1040 Sched. C?

1 reply

VolvoGirl
Employee
October 15, 2022

Did you use the Windows Desktop BUSINESS program to prepare the 1120 S corp return?  It will generate the K-1 to enter into your personal return.  Or did you have an accountant do the 1120 S return?

 

You need to buy Turbo Tax Business, not to be confused with the personal Home & Business version. TT Business is not available to do online or on a Mac. You can buy the Windows Desktop program here,
https://turbotax.intuit.com/small-business-taxes