The on line program wants me to upgrade to calculate the same information I just completed with the more expensive Turbo Tax business program ( only can do with (CD/downloading).
The only thing you need from the 1120S for your personal return is the K-1 and it cannot be transferred automatically from the business program to a personal program. If you use the ONLINE personal program you must use the Premier version or better. If you use the DOWNLOADED version you can use any of them.
To enter a K-1 go to
Federal Taxes Tab ( Personal in the H&B versions )
Wages and Income
Choose Explore on my own or I'll choose what to work on (if it comes up)
Then scroll way down to Business Items
S-corps, Partnerships, and Trusts. 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