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I started and completed self-employed but should have done personal as I have an S corp. I have not paid. What do I do to transfer?
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I started and completed self-employed but should have done personal as I have an S corp. I have not paid. What do I do to transfer?
Ok ... if you have not filed yet then you are sooo lucky. Log in and remove the Sch C you may have entered by mistake.
Then complete the S-Corp 1120-S form using the correct program and the K-1 form it produces will be entered on the personal return. And if you have not been take a wage and filing payroll tax returns then seek local professional assistance to get your ducks in a row. And if you did not file an extension by 3/15/22 then RUN for local professional help as the return is now also late and racking up penalties monthly. https://turbotax.intuit.com/small-business-taxes/
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I started and completed self-employed but should have done personal as I have an S corp. I have not paid. What do I do to transfer?
You can use the Self Employed version to do your personal tax return. Just skip the business questions. You will get a K-1 and/or W2 from the S Corp to enter into your personal 1040. You will need Premier or Self Employed version to enter a K-1.
Sound like you need to clear out the S Corp info? I think you should clear and start over. If you haven't filed, registered or paid you can try to clear and start over
Or if it doesn't let you clear and you haven't paid and filed you could just start a new account. Online is only good for 1 return per account. But you can use the same email address for 5 accounts. How to start another return in the Online version
The Self Employed version is for personal returns that need Schedule C for self employment, not S Corp. Do you need to do the S Corp return? You need Turbo Tax Business. It is a separate program from the Desktop Home & Business or online Self Employed version. It is not available to do online or on a Mac. You can buy the Window's version here…..
https://turbotax.intuit.com/small-business-taxes
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