Question

I will file my business taxes myself

Forum|Forum|5 years ago
May 15, 2021
2 replies
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Which product do I choose please include link. I have llc and elected to be taxed as a scorp. I almost finished with personal taxes but I read that i have to include a w2 and schedule k in my personal returns. please advise

DoninGA

Employee

You will need the TurboTax Business Edition to complete and file a Form 1120-S for an S Corp and to create the Schedule K-1 - https://turbotax.intuit.com/small-business-taxes/

The Business Edition can only be installed on a Windows based personal computer. The Business Edition cannot be used to complete a personal tax return, Form 1040.

A

AmeliesUncle

I really, really, really, suggest going to a tax professional for the corporate return. Corporate returns are really not a do-it-yourself kind of thing, and based on your question you need some professional help.

As a side note, if you did not file a corporate extension, it is two months late with at least $400 of penalties. Again, go to a tax professional.