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S-Corp info is going into Schedule C, shouldn't it be K-1 and 1120S?
I'm new to TurboTax Home & Business but have been using TT for personal taxes for ages. I'm trying to handle my wife's LLC's and my spidey senses are telling me it isn't being handled right. She has one S-Corp but as I am entering it in TT under Business it is all going under Schedule C. Shouldn't it be a K-1 and 1120S? Ultimately I'm trying to figure out how to handle the owner draw and I found one question about this in 2019 that equally shows the pain in trying to figure out how to handle this.
I'm also starting to wonder if Home & Business is not the correct version for handling S-Corp taxes. Please advise.
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‎January 4, 2025
3:15 PM