topic Re: How can I prepare a K-1 in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-how-can-i-prepare-a-k-1/01/831436#M104402 If you elected S-corp status for your LLC (to be taxed as an S-corp), then in either case, you'll need TurboTax Business to file your 1120-S return. And the corp return was due 3/15/19 unless you put it on extension AND if you are not familiar with filing an 1120-S then I highly recommend you seek local professional assistance ... the LIVE help in the Self Employed program will not help you with this return or other program.<BR /><BR />You can access the TurboTax Business software here : <A href="https://turbotax.intuit.com/small-business-taxes/" target="_blank">https://turbotax.intuit.com/small-business-taxes/</A> Sun, 21 Jul 2019 22:07:06 GMT Critter 2019-07-21T22:07:06Z How can I prepare a K-1 https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-can-i-prepare-a-k-1/01/831407#M104398 For a Subchapter S Sun, 21 Jul 2019 21:28:21 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-can-i-prepare-a-k-1/01/831407#M104398 ROCKYCLEMONS 2019-07-21T21:28:21Z Re: How can I prepare a K-1 https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-how-can-i-prepare-a-k-1/01/831435#M104401 <P>If you need to prepare a Form 1120-S for an S corporation, you need TurboTax Business (link below) which is not available online or for a Mac; it must be installed and run in a Windows environment. Further, TurboTax Business can only be used to prepare income tax returns for entities; it cannot be used to prepare an individual income tax return (e.g., Form 1040).</P><P>&nbsp;</P><P><FONT><A href="https://turbotax.intuit.com/small-business-taxes/" target="_blank" rel="noopener">https://turbotax.intuit.com/small-business-taxes/</A></FONT></P><P>&nbsp;</P><P><FONT>Finally, if you are not extremely familiar with the rules and regulations that relate to S corporations, you should definitely seek professional tax guidance and assistance with return preparation rather than attempting to do it yourself.</FONT></P> Sun, 21 Jul 2019 22:06:46 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-how-can-i-prepare-a-k-1/01/831435#M104401 tagteam 2019-07-21T22:06:46Z Re: How can I prepare a K-1 https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-how-can-i-prepare-a-k-1/01/831436#M104402 If you elected S-corp status for your LLC (to be taxed as an S-corp), then in either case, you'll need TurboTax Business to file your 1120-S return. And the corp return was due 3/15/19 unless you put it on extension AND if you are not familiar with filing an 1120-S then I highly recommend you seek local professional assistance ... the LIVE help in the Self Employed program will not help you with this return or other program.<BR /><BR />You can access the TurboTax Business software here : <A href="https://turbotax.intuit.com/small-business-taxes/" target="_blank">https://turbotax.intuit.com/small-business-taxes/</A> Sun, 21 Jul 2019 22:07:06 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-how-can-i-prepare-a-k-1/01/831436#M104402 Critter 2019-07-21T22:07:06Z
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topic Re: How can I prepare a K-1 in Deductions & credits
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If you elected S-corp status for your LLC (to be taxed as an S-corp), then in either case, you'll need TurboTax Business to file your 1120-S return. And the corp return was due 3/15/19 unless you put it on extension AND if you are not familiar with filing an 1120-S then I highly recommend you seek local professional assistance ... the LIVE help in the Self Employed program will not help you with this return or other program.<BR /><BR />You can access the TurboTax Business software here : <A href="https://turbotax.intuit.com/small-business-taxes/" target="_blank">https://turbotax.intuit.com/small-business-taxes/</A>
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<P>If you need to prepare a Form 1120-S for an S corporation, you need TurboTax Business (link below) which is not available online or for a Mac; it must be installed and run in a Windows environment. Further, TurboTax Business can only be used to prepare income tax returns for entities; it cannot be used to prepare an individual income tax return (e.g., Form 1040).</P><P>&nbsp;</P><P><FONT><A href="https://turbotax.intuit.com/small-business-taxes/" target="_blank" rel="noopener">https://turbotax.intuit.com/small-business-taxes/</A></FONT></P><P>&nbsp;</P><P><FONT>Finally, if you are not extremely familiar with the rules and regulations that relate to S corporations, you should definitely seek professional tax guidance and assistance with return preparation rather than attempting to do it yourself.</FONT></P>
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-how-can-i-prepare-a-k-1/01/831436#M104402
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If you elected S-corp status for your LLC (to be taxed as an S-corp), then in either case, you'll need TurboTax Business to file your 1120-S return. And the corp return was due 3/15/19 unless you put it on extension AND if you are not familiar with filing an 1120-S then I highly recommend you seek local professional assistance ... the LIVE help in the Self Employed program will not help you with this return or other program.<BR /><BR />You can access the TurboTax Business software here : <A href="https://turbotax.intuit.com/small-business-taxes/" target="_blank">https://turbotax.intuit.com/small-business-taxes/</A>
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