MargaretL
Expert Alumni

Business & farm

If you have an S-corporation, that is Form 1120-S not Form 1065...so let's first determine if you have Scorp or Partnerhips.

If you do have S-corp, you must first file Form 1120-S, U.S. Income Tax Return for an S-corporation  (using TurboTax Business edition) and report your 1099-MISC there; this will generate Schedule K-1 which you will report on your personal tax return using TurboTax Premier or Self-employed version and you will not report form 1099-MISC again, since you have already reported it on your S-corp return. 

You most likely do not have a Partnership, (Form 1065) since you are a single owner...you would need to to have another partner to file form 1065.

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