How to file 1120s and individual tax in one return?

[JulieCo · Accepted solution]

You cannot file a 1120S form and an individual tax return together.  A 1120S form is for a SCorp which is considered a separate legal entity, therefore it requires its own tax return.  For each of the stockholders of the SCorp, a K-1 form will be generated when the 1120S return is prepared.  The K-1 form is for each of the stockholders to report their share of the income and expenses of the SCorp when preparing their individual tax returns. 

To create and file a 1120S form, you will need to use TurboTax Business (CD or download.