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ljansma13
New Member

I just finished my taxes and downloaded all forms. However, I am an S-Corp and I did not see form 1120-S in the documents. Will that be sent at a later date?

 
3 Replies
tagteam
Level 15

I just finished my taxes and downloaded all forms. However, I am an S-Corp and I did not see form 1120-S in the documents. Will that be sent at a later date?

You need to prepare (or someone else needs to prepare) the Form 1120-S for the corporation.

 

You will then receive a K-1 (1120-S) which you will input into your personal income tax return (1040).

 

 

ljansma13
New Member

I just finished my taxes and downloaded all forms. However, I am an S-Corp and I did not see form 1120-S in the documents. Will that be sent at a later date?

I thought I purchased Turbo Tax for business......Why wouldn't those forms also be done with Turbo Tax?

DoninGA
Level 15

I just finished my taxes and downloaded all forms. However, I am an S-Corp and I did not see form 1120-S in the documents. Will that be sent at a later date?


@ljansma13 wrote:

I thought I purchased Turbo Tax for business......Why wouldn't those forms also be done with Turbo Tax?


If your business is a Partnership, S Corp, C Corp or a multi-member LLC those tax returns can only be completed using the TurboTax Business Edition.  Not any of the TurboTax personal editions.

The Business Edition can only be installed on a Windows based personal computer, not on a Mac or Online.

Go to this website for the Business Edition - https://turbotax.intuit.com/small-business-taxes/

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