Business & farm


@wokmon wrote:

...I will take advise and buy TT Business. Since I used home and business last year, can I just use the free TT version for personel return? don't have any property, just straight payroll stubs. Or must use premier or home/business again.


If you are planning to prepare the return for your S corporation (Form 1120-S), then a K-1 will be generated which you will, in turn, need to enter into your individual income tax program.

 

As a result, you will need to use TurboTax Premier to enter information from a K-1 if you plan on using an online version (you can use any desktop version).

 

Again, I would strongly suggest that you seek professional guidance with respect to preparing your Form 1120-S.