I opened an LLC filing as an S Corp last year. Is it required to file a 1120S, K1? What Turbo Tax is best for this?

[Anonymous_ · Accepted solution]

Yes, you will be required to file an 1120-S and the return is due March 15th for a calendar year corporation.

See https://www.irs.gov/instructions/i1120s#en_US_2021_publink11515kd0e416

You need TurboTax Business for an 1120-S if you want to prepare the return with TurboTax. TurboTax Business must be installed and run in a Windows environment and you will also need a personal tax preparation product, such as TurboTax Premier, to prepare your 1040. 

See https://turbotax.intuit.com/small-business-taxes

[MinhT1]

Yes.

A LLC taxed as an S-Corp has to file a tax return (form 1120S) each year even if it had no income or expenses during the tax year.

To file form 1120S, you'll have to use TurboTax Business which can be purchased form this TurboTax webpage.