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davidliang-publi
New Member

I need 1120s short form no profit but your website says to get it in the business section but I thought thats what I already bought and was filling out, help?

 
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HelenaC
New Member

I need 1120s short form no profit but your website says to get it in the business section but I thought thats what I already bought and was filling out, help?

TurboTax Online Self Employed and CD\Download Home & Business versions are used to complete your personal income taxes.

TurboTax Business is used to complete your business entity on Form 1120S (U.S. Income Tax Return for an S Corporation). TurboTax Business is a Windows-only software program available as a CD or download.

  1. When you complete your Form 1120S, you will generate Form 1120-S (Schedule K-1)--Shareholder's Share of Income, Deductions, Credits, etc.
  2. The Form 1120-S Sch K-1 is issued to your shareholders.
  3. The shareholders enter the 1120-S Sch K-1 on their personal income tax return.


To  issue  K-1s to your partners, shareholders, or beneficiaries, you'll need  TurboTax Business .

  1. Open your return in TurboTax Business.
  2. Complete your business return, if you haven't already done so (otherwise, your K-1s won't be correct).
  3. Click the File tab, and then click Distribute K-1s.
  4. Select your preferred distribution format (Save as PDF for email or Print for regular mail) and follow the on-screen instructions.
Related Information:

View solution in original post

1 Reply
HelenaC
New Member

I need 1120s short form no profit but your website says to get it in the business section but I thought thats what I already bought and was filling out, help?

TurboTax Online Self Employed and CD\Download Home & Business versions are used to complete your personal income taxes.

TurboTax Business is used to complete your business entity on Form 1120S (U.S. Income Tax Return for an S Corporation). TurboTax Business is a Windows-only software program available as a CD or download.

  1. When you complete your Form 1120S, you will generate Form 1120-S (Schedule K-1)--Shareholder's Share of Income, Deductions, Credits, etc.
  2. The Form 1120-S Sch K-1 is issued to your shareholders.
  3. The shareholders enter the 1120-S Sch K-1 on their personal income tax return.


To  issue  K-1s to your partners, shareholders, or beneficiaries, you'll need  TurboTax Business .

  1. Open your return in TurboTax Business.
  2. Complete your business return, if you haven't already done so (otherwise, your K-1s won't be correct).
  3. Click the File tab, and then click Distribute K-1s.
  4. Select your preferred distribution format (Save as PDF for email or Print for regular mail) and follow the on-screen instructions.
Related Information:

View solution in original post

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