You need TurboTax Business to file an S-corp tax return. When you prepare the Form 1120-S, it will generate Form K-1 for you to enter on your personal tax return. You won't have a Schedule C, you will now have a Schedule E. Use Schedule E (Form 1040) to report income or loss from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in real estate mortgage investment conduits (REMICs).
You need both programs (TurboTax Business and an individual product that has Sched E). You can no longer use one program for personal and business; you need two different programs..
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
