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April 17, 2022
Question

My accountant already filed my 2021 S-Corp business taxes. How should I do my taxes in Turbotax?

  • April 17, 2022
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April 17, 2022

In your S-Corp tax return (form 1120S), there is a Schedule K-1 form 1120S in your name.

 

You must enter that Schedule K-1 on your personal tax return.

 

You can enter your Schedule K-1 by following these steps:

 

  1. In TurboTax, open your tax return
  2. Click on Federal in the left-hand column, then on Wages & Income on top of the screen
  3. Scroll down and locate the section S-Corps, Partnerships, and Trusts and click on Show more
  4. Click Start next to Schedule K-1
  5. Choose the correct form for your Schedule K-1 (Form 1065, 1120S or 1041)
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