When you complete the Form 1120S in TurboTax Business, you will generate a Form K-1 for each shareholder in the S Corp. This K-1 becomes the input document by which you carry your share of profit (loss) and other tax attributes from the S Corp to your Form 1040 individual income tax return.
In any of the TurboTax personal tax products, under the Wages & Income section, select I'll choose what I work on.
On the Your 2018 Income Summary screen, scroll down to Business Items and click the Start button next to Schedules K-1, Q. Enter the items from your Form K-1, as directed.
This will result in populating the correct fields on Schedule E, so that your S Corp income is included in your tax return.
