Question

I have an s-corp and a w-2. Which product(s) do I need?

Forum|Forum|7 years ago
June 1, 2019
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TurboTax Self Employed Online

Employee

You will need to use TurboTax "Business", (not "Home & Business"), to prepare the Form 1120S for the S-Corp and the Schedule K-1 you need for your personal income tax return. TTBusiness is only available for Windows desktop, it's not available online. You'd then need "Premier" or above in TurboTax's online products to complete your personal income tax return. If you use a desktop product Deluxe should work.

Tom Young

B

bcmansourAuthor

So if I use the "Business" product to prepare my business returns, I will NOT need the "Small Business" product when preparing my personal returns, is that correct?