Solved: Have a single member Llc which was set up to file as a S corp. Can I use the Self-employed software to file.
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Have a single member Llc which was set up to file as a S corp. Can I use the Self-employed software to file.

 
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New Member

Have a single member Llc which was set up to file as a S corp. Can I use the Self-employed software to file.

No, you'll need TurboTax Business, which is a desktop only software to file your separate business return Form 1120-S.  You can find this software, here: https://turbotax.intuit.com/small-business-taxes/

Then, you'll enter your schedule K-1 (1120S) into your personal TurboTax edition. If you don't have other self-employed work, then you could use the TurboTax Premier edition.

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New Member

Have a single member Llc which was set up to file as a S corp. Can I use the Self-employed software to file.

No, you'll need TurboTax Business, which is a desktop only software to file your separate business return Form 1120-S.  You can find this software, here: https://turbotax.intuit.com/small-business-taxes/

Then, you'll enter your schedule K-1 (1120S) into your personal TurboTax edition. If you don't have other self-employed work, then you could use the TurboTax Premier edition.

View solution in original post

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