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The S corp has to file its own Form 1120-S tax return, separate from your personal Form 1040 tax return. The name on the S corp tax return will be the name of the S corp. The S corp tax return will include a Schedule K-1 for each shareholder. You enter the information from your Schedule K-1 in your personal tax return. You will get one Schedule K-1 for the S corp. It will have the name of the S corp, not the DBAs, and that's what you enter in your personal tax return.
The tag below your question indicates that you are using TurboTax Deluxe Online. You cannot use Deluxe to file a Form 1120-S tax return for the S corp. You have to use TurboTax Business (not Home & Business), which is not available as an online service. It's only available as software that you install on a Windows computer from a CD or download.
Also, you cannot enter a Schedule K-1 in TurboTax Deluxe Online. You would have to upgrade to Premier, or use any personal version of the CD/Download TurboTax software.
I'll page @Rick19744, but what type of return are you preparing? An 1120-S?
What is critical is the EIN of the entity, for the most part.
The S corp has to file its own Form 1120-S tax return, separate from your personal Form 1040 tax return. The name on the S corp tax return will be the name of the S corp. The S corp tax return will include a Schedule K-1 for each shareholder. You enter the information from your Schedule K-1 in your personal tax return. You will get one Schedule K-1 for the S corp. It will have the name of the S corp, not the DBAs, and that's what you enter in your personal tax return.
The tag below your question indicates that you are using TurboTax Deluxe Online. You cannot use Deluxe to file a Form 1120-S tax return for the S corp. You have to use TurboTax Business (not Home & Business), which is not available as an online service. It's only available as software that you install on a Windows computer from a CD or download.
Also, you cannot enter a Schedule K-1 in TurboTax Deluxe Online. You would have to upgrade to Premier, or use any personal version of the CD/Download TurboTax software.
A few comments:
Looks like your answer is not the answer to the question
I was looking for an answer to the same question. The question was: if I have more than one DBA under one S Corp. how do you file that? meaning (according to my understanding) if your corporation has two or more businesses, one doing business as one business, and a second one doing business as a separate business, do you have to file two separate 1120 S ???? or you just file one and you write down both DBA’s or threeDBAs???? your answer has nothing to do with the question
@360 Houses wrote:.....your answer has nothing to do with the question
@Rick19744 did, in fact, answer the question, to wit:
"Regardless, all that will be reported on one form 1120-S."
@360 Houses I agree with @tagteam
Appears you didn't read my response.
Whatever name was used when filing the form 2553 and the EIN for the S corporation is the name that should be used for the 1120-S.
Many companies have more than one division, but only one official name for federal and state income tax reporting. Fairly straight forward.
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