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New Member
posted Jun 6, 2019 4:38:05 AM

Used the online self-employed to file taxes and then realized we needed to use Business as we are LLC filing as Scorp. Already bought the business - how do I amend?

I just need to know how to complete the Business form as an amendment - can I transfer the file I did online as self-employed to the Business software so I can complete and Amended form??

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1 Best answer
Expert Alumni
Jun 6, 2019 4:38:06 AM

You can't transfer the data between a personal tax product (Self-Employed) and an entity product (Business). You might be able to reimport from Quick Books, but you can't move from SE Online to Business.

The Business return (1120-S) should be efiled as an original return, as it is not an amendment. You will need to amend your personal returns (federal and state) if they were already accepted.

I would recommend that you print your Schedule C and related worksheets and forms and use that to get through the S Corp data entry faster.

When you are done with your Scorp return:

  • you will amend your personal return. Start the amendment process from the Tax Timeline
  • remove the Schedule C, and all entries from the Business tan/ Business Income and Expenses
  • Add just the K1 that you receive with your SSN on it.
  • Finalize and mail the amendment

2 Replies
Expert Alumni
Jun 6, 2019 4:38:06 AM

You can't transfer the data between a personal tax product (Self-Employed) and an entity product (Business). You might be able to reimport from Quick Books, but you can't move from SE Online to Business.

The Business return (1120-S) should be efiled as an original return, as it is not an amendment. You will need to amend your personal returns (federal and state) if they were already accepted.

I would recommend that you print your Schedule C and related worksheets and forms and use that to get through the S Corp data entry faster.

When you are done with your Scorp return:

  • you will amend your personal return. Start the amendment process from the Tax Timeline
  • remove the Schedule C, and all entries from the Business tan/ Business Income and Expenses
  • Add just the K1 that you receive with your SSN on it.
  • Finalize and mail the amendment

New Member
Jul 13, 2020 10:19:19 PM

I got charged twice as well.  next year going to accountant, he was crappy but cheaper