IsabellaG
Expert Alumni

Business & farm

If you are filing your own individual tax return, do not enter information from the 1120-S. That's a separate entity that filed its tax return. You don't copy it over into yours. I'm not even sure how you managed to do that. Delete any information that you may have entered from the 1120-S.

The K-1 is what you need to enter. 

  • Go to the top of your screen and choose My Account.
  • Choose Tools.
  • Choose Topic Search, then type in your topic (K-1) and click Go.

See the screenshot below. It may be that you are the only shareholder, so all of the income and expenses belong to you, but the K-1 is the form that shows how this flows through to your personal return.

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