Which turbo tax program do I use if I own a s corp and my s corp then owns two LLC's

[daryash36]

Hi, I own s corp at 100% which my wife and I received W2 from it. For 2020 filing, is there any Turbotax program that I can use to file both S corp tax (1120s) and individual? if yes, what is the name? Self Employed? 

If not and if I have to buy 2 separate programs, which ones should I buy? are they both online version?

Thanks!

[VolvoGirl]

Sorry you will need 2 programs.  The Business program and a personal version.  For your personal return you can use either the Online Premier or Self Employed Version.  The online Self Employed version is for personal returns that need Schedule C for self employment income (not S corp).  Or buy any of the Desktop CD/Download programs for Windows or Mac.  All the personal Desktop programs have the same forms, you get more help in the higher versions.  

You can start an Online return here,
https://turbotax.intuit.com/personal-taxes/online

You can buy the personal Desktop CD/Download program now here,
https://turbotax.intuit.com/personal-taxes/cd-download

For the S corp you will need to use Turbo Tax Business.

TT Business is not available to do online or on a Mac. You can buy the Windows Desktop program here,
https://turbotax.intuit.com/small-business-taxes

Window System Requirements
https://ttlc.intuit.com/community/system-requirements/help/minimum-system-requirements-for-turbotax-...

[IHaveABigQuestion]

Can anyone confirm that if you have a K-1 you cannot use TurboTax Basic? Some say it has all the forms, but this thread seems to suggest you must have Premier if you have a K-1 from owning an S Corp. 

[Vanessa A]

TurboTax basic DOES have all the forms in the program.  However, you would not be able to use the interview mode to enter your K-1, you would have to go into forms mode, find the form and properly fill it out.  If you are comfortable with this, then yes, some people do use basic to complete their returns that have a K-1.  Also, this does void the accuracy guarantee.  

If you want to have the program do the calculations and select the forms, you would need to go with Premier in order to enter the K-1.