turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

If i have more than one DBA under an s corp, what do i show on the face of my tax return?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
rjs
Level 15
Level 15

If i have more than one DBA under an s corp, what do i show on the face of my tax return?

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.

 

View solution in original post

6 Replies

If i have more than one DBA under an s corp, what do i show on the face of my tax return?

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.

rjs
Level 15
Level 15

If i have more than one DBA under an s corp, what do i show on the face of my tax return?

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.

 

If i have more than one DBA under an s corp, what do i show on the face of my tax return?

A few comments:

  • I agree with @rjs 
  • When you incorporated you used a name for the S corporation.  That is what will be used on the form 1120-S.
  • You also used a name when you completed the form 2553.  That should have agreed to the name used when incorporated.
  • I'm not sure what all the other "DBA's" represent?  Maybe separate lines of business?  Maybe separate Qsubs?  Maybe single member LLC's?  Regardless, all that will be reported on one form 1120-S.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

If i have more than one DBA under an s corp, what do i show on the face of my tax return?

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 

If i have more than one DBA under an s corp, what do i show on the face of my tax return?


@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."

If i have more than one DBA under an s corp, what do i show on the face of my tax return?

@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.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies