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Business & farm
The S corporation income tax return is filed on Form 1120-S. TurboTax Home & Business cannot generate Form 1120-S since that program is exclusively for the preparation of individual income tax returns (e.g., Form 1040).
TurboTax Business can be used to prepare a Form 1120-S for an S corporation but that involves a separate purchase.
See https://turbotax.intuit.com/small-business-taxes/
If you are not familiar with pass-through entity taxation or accounting you might want to consult with a local tax professional with respect to the preparation the income tax return for your S corporation.
‎January 24, 2021
8:16 AM
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