Can Turbo-Tax prepare a 2020 1120S and 1040 ?

judcollier · ‎February 4, 2023

Are 2020 tax returns available now?

Anonymous_ · ‎February 4, 2023

You need to consult with a local tax professional. 2020 returns are extremely late at this time and there are severe penalties for late filing of S corporation returns (which can be ameliorated).

See https://taxexperts.naea.org/listing/service/corporations

Otherwise, you can use the 2020 edition of TurboTax Business for your 1120-S and then a TurboTax personal tax preparation product for your 1040.

See https://turbotax.intuit.com/personal-taxes/past-years-products/2020

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Anonymous_ · ‎February 4, 2023

You need to consult with a local tax professional. 2020 returns are extremely late at this time and there are severe penalties for late filing of S corporation returns (which can be ameliorated).

See https://taxexperts.naea.org/listing/service/corporations

Otherwise, you can use the 2020 edition of TurboTax Business for your 1120-S and then a TurboTax personal tax preparation product for your 1040.

See https://turbotax.intuit.com/personal-taxes/past-years-products/2020