Yes, you will have to file a separate tax return for the S-Corp. The S-Corp itself is not taxed, but rather, it flows through to your individual return, and is reported on a Schedule K-1.
TurboTax does provide a separate software that will allow you to prepare an 1120-S, that will generate the K-1 that you need. However, if you're not familiar with accounting practices it may be prudent to seek a professional, at least for the first year.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
