turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Entered information from 1120S but doesn’t show any income for child deduction.

I followed the instructions for entering the information on form 1120S, and I paid myself around $46k this past year from my S-Corp. On my personal taxes, it doesn’t show any income and won’t let me claim the child tax credit or earned income. I’m not sure how to resolve this issue. Please help!

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
AmyC
Expert Alumni

Entered information from 1120S but doesn’t show any income for child deduction.

Did you enter your w2? Once it is entered, you should be fine.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Entered information from 1120S but doesn’t show any income for child deduction.

Do you mean enter the information on the w-2 section on the form 1120S? Or do you mean to enter a separate w-2? 

CatinaT1
Employee Tax Expert

Entered information from 1120S but doesn’t show any income for child deduction.

The W2 issued by your S-corp would be filed with your personal return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question