Can I file my personal 1040 and subchapter S Corp 1120S returns using Turbotax Self Employed?

Forum|Forum|7 years ago
June 6, 2019
3 replies
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TurboTax Deluxe Windows

TaxGuyBill

Level 13

I hope you are talking about 2018 (filed in early 2019) because the corporate return is probably late, with high penalties.

I HIGHLY recommend going to a tax professional for the corporate return.

dmertz

Level 15

Also note that, except for the purpose of a self-employed health insurance deduction, you are not self-employed. You are an employee of the S corp and the S corp is required to pay you a reasonable wage, reported on Form W-2.

VolvoGirl

Level 15

Only your personal 1040. For the sub S you need Turbo Tax Business. The small business program (TT Business) is for 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust returns and will not do your personal 1040 return. It is a separate program from the Desktop Home & Business program or the Online Self Employed version.

Turbo Tax Business is not available to do online or on a Mac. You can buy the Window's version here. And you can have both TT Business and TT Home & Business (or any personal version) installed on your computer at the same time.
https://turbotax.intuit.com/small-business-taxes