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Get your taxes done using TurboTax
@mw30 You cannot report personal income on the 1120-S that you would prepare for your S corporation; personal income is reported on Form 1040 and TurboTax Business cannot be used to prepare a 1040.
As an aside, why are you reporting rental income on Schedule C? In most instances, rental income is reported on Schedule E (obviously, there are exceptions).
I firmly believe you should seek professional tax guidance.
‎August 5, 2020
9:47 AM
2,996 Views