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You do your personal return in Home & Business. Just enter the K-1 you got from the business return. You don't need to fill out Schedule C or the Business tab.
To enter a K-1 go to
Federal Taxes Tab or Personal (Home & Business version)
Wages and Income
Then scroll way down to Business items
Schedules K-1, Q - Click the Start or Update button
Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S
Enter each k-1 separately.
You use TurboTax Business to prepare your S-Corp tax return. In your S-Corp tax form (form 1120-S), there are Schedules K-1 (one per shareholder).
You use TurboTax Home and Business to prepare your personal tax return.
You enter your Schedule K-1 on your personal tax return.
You can enter your Schedule K-1 by following these steps:
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