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.

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