They are two separate returns. To file the 1120S and generate the Schedules K-1 from your S-Corp, you will need TurboTax Business, which is only available in CD (Desktop) software. Then, you can use the appropriate personal software (Home and Business, Premier, Deluxe, or an online version) in order to prepare the 1040. Please read this FAQ regarding TurboTax Business: https://ttlc.intuit.com/replies/3349034
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