Are you using Home & Business to prepare your personal 1040 return? Home & Business won’t prepare the 1120-S. You need the separate Turbo Tax Business program for 1120-S.
Did you get a K-1 from the 1120-S return?
To enter a K-1 go to
Federal Taxes Tab or Personal (Home & Business version)
Wages and Income
Scroll down to S-corps, Partnerships, and Trusts or to Business items
Schedules K-1, Q - Click the Start or Update button
Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S
