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Business & farm
If you are an S corporation, you need to file an S corporation tax return using the Business TurboTax product. In that product you will be prompted to enter officer salaries and distributions to shareholders. You can't use the Self-Employed or Home and Business TurboTax products to prepare an S corporation tax return.
You will generate a schedule K-1 when you prepare the S corporation tax return that you will then use to enter the corporate income on your individual tax return.
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‎April 11, 2022
1:11 PM
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