The Form 1120-S is available.
You have to use the TurboTax Business Edition to complete and file a S Corporation tax return.
Go to this TurboTax website for the Business Edition - https://turbotax.intuit.com/small-business-taxes/cd-download/
The Business Edition can only be installed on a Windows based personal computer. The edition cannot be used to complete a personal tax return, Form 1040.
I use Turbotax live and have been adding information into the 1120-S forms for my personal taxes in that program for the past 5 years. The 1120-S forms are not available. It says "should be ready soon"
If you are using the Business Edition, have you updated your software.
Since I do not personally use the Business Edition, this would be the procedure to update the TurboTax desktop personal editions - Click on Online at the top of the desktop program screen. Click on Check for Updates
Checking the TurboTax website for forms availability under Windows 1120 S S-Corporate and U.S.-Federal shows all instances of a 1120S as being available - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product=Turbotax_online&bu=cg
As I said, I am using Turbotax Live as I have used for the past 5 years. It is not a "desktop" program. There is no "check updates" area. Everything in their live system is supposed to be current. When I try to enter my information in the 1120-S category it says "not available". Turbotax should be ready by now. Frustrating.
All the TurboTax online editions, Including Live, do not support completing a Form 1120-S.
However, if you are referring to a Schedule K-1 (Form 1120S) that is only supported in the online editions of either Premium or Premium Live.
As shown on this TurboTax website the Schedule K-1 (Form 1120S) will be available on 02/21/2024 - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product=Turbotax_online&bu=cg
2/21 is too late. Should be available now...........
Did you ever get the 1120s figured out? I’ve done the 1120s online last year on TurboTax business Online. No issues. This year I login and there’s no previous tax return. I wanted to import the last years balance sheet info and all the basic stuff. But, it’s not there. I talked 2 different people and they said that last years 1120s is gone unless I saved it on my laptop or printed it which I did. But as I’m doing 2024, clearly there’s a column as you go along that says 2023 that would have last years numbers and information for comparison. Am I missing something?
Are you logged in using the same credentials used to prepare your prior year returns?
Please see this link to verify any accounts you may have under your information.
I use turboTax live for business and not able to find schedule M1 and M2 for income loss reconciliation
too much time spent to find it.
Looked the for the form Icon at the upper left can't see it. Only see the letter H
I am using TurboTax live for business (1120S) should be updated automatically. I'M a first time user and deeply Disappointed.