rjs
Level 15
Level 15

Get your taxes done using TurboTax

The Form 1120-S tax return for the S corp will include a Schedule K-1 for you as the shareholder (i.e. owner). You have to enter the information from that Schedule K-1 in your personal Form 1040 tax return, in addition to the K-1 from the LLC.


You said you are the only employee of the S corp, but you did not say that you're the only shareholder. If there are other shareholders, the 1120-S will include a K-1 for each shareholder.