IreneS
Intuit Alumni

Business & farm

UPDATED FOR TAX YEAR 2019

 

You should be filing an S-Corp return (1120S) for your business -- that's how the IRS and Oklahoma will know about your S-Corp.

 

For a business return (Partnership, S-Corporation, Corporation, Estate/Trust) you will need TurboTax Business--visit the following link to purchase  the program: TurboTax Business  

As part of preparing the 1120S return, TurboTax will prepare K-1 forms for each shareholder.  You will need to enter the information from the K-1 into your personal 1040 return.

 

The "Business" in TurboTax Home & Business version refers to Schedule C businesses (sole proprietorship).  The Schedule C is filed with the 1040 return.

 

[Edited | 4/8/2020 |  8:30am PDT]

 

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