Skip to main content
May 31, 2021
Question

Why does TurboTax ask me to enter my S Corporation name and address?

  • May 31, 2021
  • 1 reply
  • 0 views

I entered my Schedule K-1 forms into TurboTax. It states at the bottom: If you have no other items, select Done. I pressed 'Done', and a form comes up that says "Enter S Corporation Name and Address".

What is this, and why do I need to enter it? I already entered all of this info from my K-1's which are LLCs.

    1 reply

    May 31, 2021

    could be a bug in the programming.  anyway, all LLC's that elect to be taxed as S-Corporations need to file tax return 1120S not 1065 for multimember LLC's

    mellynleeAuthor
    May 31, 2021

    I only have 1065 forms for my K-1, and do not have any S Corporations.

    Can I just ignore this section after entering all of my K-1 info?

    So I just should not click 'Done' after entering all the K-1s?

    And just go to a different section?

    Critter-3
    May 31, 2021

    Sounds like you started the S-corp section (probably by accident) and you will need to delete the ghost form ... 

    https://ttlc.intuit.com/questions/2903043-how-do-i-delete-a-k-1