ChristinaS
Expert Alumni

Business & farm

Yes- The SCorp return is separate from your personal return.

Use Turbo Tax Business for the business return.

https://turbotax.intuit.com/small-business-taxes/

Your personal return includes the input of a K1 that you generate after preparing the 1120S return. You do not itemize all the income and expenses of the corporation on your personal return- you only enter the K1 (and W2).

Enter your K1 on your personal return here:

  • Federal Taxes
  • Wages and Income
  • Other Business Situations
  • Schedules K-1, Q