Question

I have a S-Corporation. What Turbotax version should I use that accounts for the 1120s?

Forum|Forum|3 years ago
October 17, 2022
2 replies
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I initially used self-employed but it won't capture the 1120s and the system won't allow the change to premier

TurboTax Self Employed Online

A

Anonymous_

Employee

You need TurboTax Business if you have to prepare an 1120-S for an S corporation (and associated K-1(s)).

See https://turbotax.intuit.com/small-business-taxes

TurboTax Business must be installed and run in a Windows environment; there is no online or Mac version.

DoninGA

Employee

To complete and file a Form 1120S you will need the TurboTax Business Edition.

The Business Edition can only installed on a Windows based personal computer, not online or on a Mac

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

S

slorentzenAuthor

I already filed my 1120S last March. Now I need the turbotax version that will incorporate the profit/loss into my personal taxes. The self employed version doesn't do that. I recognize that I'm not technically self-employed so I started it by mistake now it won't let me change to Premier (which I think incorporates the 1120S).