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S corporation - which Turbotax edition to use?

I bought Home&Business edition, as usual.

Though this year I have different situation - S corporation.

I remember first I have to prepare and file my S-corp. tax return, then individual.

While I try to fill K-1, W2, etc. for S-corp - I do not see the right forms there.

 

Question: should I use Business edition?

 

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1 Best answer

Accepted Solutions
DavidS127
Expert Alumni

S corporation - which Turbotax edition to use?

Yes, you need TurboTax Business to file a Form 1120S.  You can then use your TurboTax Home and Business to enter the K-1 income/loss from your S Corp.

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3 Replies
DavidS127
Expert Alumni

S corporation - which Turbotax edition to use?

Yes, you need TurboTax Business to file a Form 1120S.  You can then use your TurboTax Home and Business to enter the K-1 income/loss from your S Corp.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
SWG123
New Member

S corporation - which Turbotax edition to use?

First year as an S Corp. If I have 1120S and accountant e-filed it with IRS, do I still need TurboTax Business?  As part of my S Corp I contract with a company and have a 1099 from that company, which is included in the 1120S that was filed. 

 

Can I still use Home and Business TurboTax? And if so, I'm not seeing a place to enter the 1120S information.

MaryK4
Expert Alumni

S corporation - which Turbotax edition to use?

You will need the TurboTax Business to prepare the 1120S for the S Corp.

@SWG123

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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