☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Mar 21, 2022 5:40:03 PM

can i import my 1120-s from turbotax business INTO turbotax home and office to create the 1040 ?

can i import my 1120-s from turbotax business INTO turbotax home and office to create the 1040 ?

0 2 623
2 Replies
Level 15
Mar 21, 2022 5:54:17 PM

I presume you are asking if you can import the K-1 from your 1120-S into TurboTax Home & Business. 

 

Unfortunately, that is not supported by the program.

Employee Tax Expert
Mar 21, 2022 6:20:10 PM

The only item from your 1120-S return that goes on your personal return is the K-1 that TurboTax generated for you.   Enter the K-1 into TurboTax Home and Business to report your income on Form 1040.   Tagteam is correct - you can't import K-1s.  :( 

 

You will need to file both your 1120-S and your Form 1040.   And your K-1 should be reported on your Form 1040 - here is how to enter it:   Where do I enter my K-1?