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New Member
posted Mar 14, 2020 4:43:19 PM

Do I Need to Wait a Certain Period of Time to File my Personal Taxes Once My S-Corp's Taxes Have Been Filed?

I just filed our S-Corporation's business taxes. Is it best to wait a certain amount of time before I file my personal taxes? Does the IRS need a certain period of time to process my business tax filing prior to the submission of my family's personal taxes?

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3 Replies
Intuit Alumni
Mar 14, 2020 6:24:20 PM

There is no need to wait to file your personal tax return. You do need to use sch k1 generated by 1120S return on your personal return. 

 

If you need additional assistance, you can also reach our customer support team by clicking here. 

New Member
Mar 18, 2020 7:16:13 PM

Thank you for your timely response! It's very helpful to receive a clear, concise response in such a short amount of time.

Intuit Alumni
Mar 18, 2020 7:21:03 PM

You are very welcome! I hope you have a great day and stay safe and healthy!