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Should I file my s corporation business with my personal taxes on turbotax

 
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FaithY
Expert Alumni

Should I file my s corporation business with my personal taxes on turbotax

No, your S corporation files it's own tax return (Form 1120S). The S corporation will issue you a Schedule K-1, once it has filed its own tax return. The Schedule K-1 will be input on your personal tax return (Form 1040, Schedule E Page 2.)

You can use TurboTax Business to prepare your S corporation tax return. Click here for information about TurboTax Business 

Click here to read an TurboTax article about S Corporations. 

Click here for a link to Form 1120S

 

https://ttlc.intuit.com/replies/3301717   

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