Question

S corporation

Forum|Forum|6 years ago
September 15, 2019
1 reply
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I have logged in to file my taxes and it is asking for general things but where do I file my business side of my s Corporation?

TurboTax

rjs

Employee

The S corporation has to file its own Form 1120S tax return, separate from your personal Form 1040 tax return. You cannot file the S corporation tax return with TurboTax Online. You have to use TurboTax Business (not Home & Business). TurboTax Business is available only as software that you install on your Windows computer from a CD or a download. You can get more information, and purchase TurboTax Business, at the following link.

TurboTax Business

You cannot use TurboTax Business to file your personal Form 1040 tax return. You still need one of the personal versions of TurboTax for that.

Part of the S corporation tax return will be a Schedule K-1 for each shareholder. You enter the information from your Schedule K-1 in your personal tax return.