SweetieJean, the wording of your response is misleading. A single member LLC can't "also be an S-Corp". Either it's an LLC or it's an S-Corp. Even if the single member LLC has filed the 2553 for the LLC to be treated like an S-Corp, then for tax purposes, it is an S-Corp. So
@newmillenniumbil which is it?
An S-Corp files it's own physically separate tax return using the 1120-S. The S-Corp issues K-1's to the owner(s) and the owner(s) will use that K-1 when completing their personal tax return on the 1040.
For the S-Corp return you have to use TurboTax Business which can be purchased at <a rel="nofollow" target="_blank" href="
https://turbotax.intuit.com/small-business-taxes/">https://turbotax.intuit.com/small-business-taxes/...>
Once the business return is done, filed and all tax reporting documents generated and provided to the owner(s), only then can you start your personal tax return using another flavor of TurboTax designed for 1040 personal returns. You can not use TurboTax Business for your personal return, because that program does not have any flavor of the 1040 required for completing and generating a personal return.
