how can i use turbotax advantage premier package to file a business return. S-Corp

Forum|Forum|5 years ago
March 12, 2021
2 replies
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Irene2805

Level 15

No - For an S-Corp return (1120S) you will need TurboTax Business. You can visit the following link to purchase the program: TurboTax Business.

TurboTax will take you through an interview to prepare the business return, similar to the personal (1040) products. As part of preparing the 1120S return, TurboTax will prepare K-1 forms for each shareholder. You will need to enter the information from the K-1 into your personal 1040 return.

VolvoGirl

Level 15

Sorry you will need 2 programs. The Business program and a personal version. For your personal return you can use either the Online Premier or Self Employed Version. The online Self Employed version is for personal returns that need Schedule C for self employment income (not S corp). Or buy any of the Desktop CD/Download programs for Windows or Mac. All the personal Desktop programs have the same forms, you get more help in the higher versions.

You can start an Online return here,
https://turbotax.intuit.com/personal-taxes/online

You can buy the personal Desktop CD/Download program now here,
https://turbotax.intuit.com/personal-taxes/cd-download

For the S corp you will need to use Turbo Tax Business.

TT Business is not available to do online or on a Mac. You can buy the Windows Desktop Business program here,
https://turbotax.intuit.com/small-business-taxes

Window System Requirements
https://ttlc.intuit.com/community/system-requirements/help/minimum-system-requirements-for-turbotax-windows-software/00/26175