hi I have a follow-on question or clarification. for this scenario, where employee/self employed and S corp in same year ( I have same issue):
1) in personal turbo tax product (eg premier Self employed or home/business) do I list the S-corp as one of my "businesses" or JUST the self employed (eg sole proprietor NOT classified as SCorp) and
2) from perspective of personal income taxes in turbo tax (premier/home&business) treat myself just as employee /shareholder of S-corp (ie input W2 and K1, but do not enter the business or any income from the Scorp in section of business profile/business income and expense) . In other words for my 1040, the income, distributions or other info from the S corp that I "get" from the S-corp in the K1 is only reflected/entered into the personal section of turbotax (the section for K-1 info, Schedule E....not the "business section " of TT that goes to Schedule C)
