How do I include my S-corp K-1 and 1120s in my personal tax return? Do I just fill in the information for a business using the numbers from the K-1, or what?

[DoninGA]

You enter the Schedule K-1 from the S Corp on your tax return.

To enter a Schedule K-1

• Click on Federal Taxes (Personal using Home and Business)
• Click on Wages and Income (Personal Income using Home and Business)
• Click on I'll choose what I work on (if shown)
• Scroll down to Business Items (Business Investment and Estate/Trust Income using Home and Business)
• On Schedule K-1, click on the start or update button

Or enter k-1 in the Search box located in the upper right of the program screen. Click on Jump to k-1

[Critter]

The 1120S form is a separate tax return for the business itself which is filed separately from the personal return ... the only thing entered on the personal return is the K-1 that is produced for that very function. Each owner of the S-corp will get their own K-1 form to enter on their personal tax return.