ThomasM125
Expert Alumni

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.

 

TurboTax Business Software

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