otcowner
Returning Member

QuickBooks import error message - 1120S doesn't match

 
 

I'm attempting to import from QuickBooks into TurboTax but I receive the following message:

 

"It looks like your business type in QuickBooks 1120S doesn't match the type of tax return we're currently preparing 1040.  Please update your 'Income Tax Form Used' in your QuickBooks file under 'Company Information' before importing."

 

Please advise.  My business has been an S-Corp since 2015 and I rather not change it.  If I have to change it, what is the impact to my QuickBooks records?