No, S Corporation
income and expenses are reported on form 1120S. Once the 1120S is prepared, each shareholder receives a K-1
which is reported on the personal tax return.
Note: More detail on this topic can be found in the information below.
Small-Business-Taxes/What-is-a-Schedule-K-1-Tax-Form
Small-Business-Taxes/Do-Chapter-Sub-S-Corps-File-Personal-Tax-Returns
Small-Business-Taxes/S-Corp-Federal-Tax-Filing-Dates
https://ttlc.intuit.com/replies/3301717
