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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
‎June 3, 2019
10:43 AM