BillM223
Expert Alumni

Get your taxes done using TurboTax

You can import QuickBooks information for an 1120S only into TurboTax Business (which prepares the 1120S return).

 

Your 1120S data is passed into your 1040 return by means of a K-1 (1120S) that the TurboTax Business software will create and which you will enter into TurboTax Home & Business (or other TurboTax individual products). But you have to import the QuickBooks data first into TurboTax Business to generate the K-1.

 

So you need TurboTax Business to do the 1120S return and a TurboTax individual product (which is apparently what you are using and trying to import the QuickBooks data into). 

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