I usually use line 17 on my 1040 to show the loss for my husbands S Corporation. I already used your business software to file his business taxes.

[jayneway]

once you have completed 1120S, a K-1 for each shareholder is used to each shareholder. You would use the K1 sheet husbands name on. to do your 1040 tax return. You need to add this K1 information. go to your 1120S and print or copy this form k1 that bshows your husbands name. on personal tax under personal income you wwould add information from k1, this goes onto a schedule e, then transfers to 1040