RiosVIP
New Member

My accountant files my S Corporation taxes, but I've always done my personal taxes through Turbo Tax. What version of TT do I use for personal taxes? Do I mention S corp

 
RodT
New Member

Get your taxes done using TurboTax

I also have a small business that has S-corp status. Although your accountant files the Corporate taxes, you have to include the income from your S-corp business in your personal taxes (this is how an S-corp works). Your accountant should provide a K-1 for your business. This information is entered into the Income and Wages section of TT. It should be pretty simple. Good luck!

RodT
New Member

Get your taxes done using TurboTax

Sorry, forgot to add, I use TT deluxe. Even the basic TT program will have the section for inputting your K-1 info.

Get your taxes done using TurboTax

You should have received a Schedule K-1 from the S Corp which is entered on your personal tax return.  You would need the TurboTax online edition of Premier or Self-Employed to enter the Schedule K-1.  Or you can use any of the TurboTax desktop editions to report the Schedule K-1.

 

TurboTax 2018 online editions - https://turbotax.intuit.com/personal-taxes/online/

TurboTax 2018 desktop editions - https://turbotax.intuit.com/personal-taxes/cd-download/