Business & farm

Yes, Turbo can help you report both your W-2 income from your fulltime job and your small-S-Corp business income/loss

Here's how:

First, enter your W2 using the following steps:

1. Open or continue your return. Be sure you are signed in for link in step 2 to work.
2. Go to W-2.
3. Select Work on my W-2 and Continue.
   • If you've already entered a W-2 or need to add another one, select Add a W-2.
4. Enter your Employer Identification Number (EIN) from Box b on your W-2.
   • If your W-2 can be imported, you'll come to the Great news! We can automatically import your W-2 info screen. Answer the questions to complete your import.
   • If TurboTax doesn't recognize your EIN you can use the TurboTax mobile app to snap a photo of your W-2, upload it from your computer, or fill it in yourself.

Next Report S-Corp Income/Loss  from your K-1:

1. Open or continue your return.
2. Go to K-1.
3. On the Schedules K-1 or Q page, select Yes.
4. On the Did you receive any Schedules K-1? page, select Yes.
5. Select Start next to the type of Schedule K-1 form you have (1120s for and S-Corp), and enter your information.