topic Form 1120-S in Business & farm

Form 1120-S

philos5 — Wed, 11 Feb 2026 04:04:08 GMT

When will these forms be available?

Re: Form 1120-S

DoninGA — Thu, 08 Feb 2024 20:00:07 GMT

The Form 1120-S is available.

You have to use the TurboTax Business Edition to complete and file a S Corporation tax return.

Go to this TurboTax website for the Business Edition - https://turbotax.intuit.com/small-business-taxes/cd-download/

The Business Edition can only be installed on a Windows based personal computer. The edition cannot be used to complete a personal tax return, Form 1040.

Re: Form 1120-S

philos5 — Mon, 12 Feb 2024 14:07:27 GMT

I use Turbotax live and have been adding information into the 1120-S forms for my personal taxes in that program for the past 5 years. The 1120-S forms are not available. It says "should be ready soon"

Re: Form 1120-S

DoninGA — Mon, 12 Feb 2024 14:23:48 GMT

If you are using the Business Edition, have you updated your software.

Since I do not personally use the Business Edition, this would be the procedure to update the TurboTax desktop personal editions - Click on Online at the top of the desktop program screen. Click on Check for Updates

Checking the TurboTax website for forms availability under Windows 1120 S S-Corporate and U.S.-Federal shows all instances of a 1120S as being available - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product=Turbotax_online&bu=cg

Re: Form 1120-S

philos5 — Mon, 12 Feb 2024 14:41:43 GMT

As I said, I am using Turbotax Live as I have used for the past 5 years. It is not a "desktop" program. There is no "check updates" area. Everything in their live system is supposed to be current. When I try to enter my information in the 1120-S category it says "not available". Turbotax should be ready by now. Frustrating.

Re: Form 1120-S

DoninGA — Mon, 12 Feb 2024 14:48:01 GMT

All the TurboTax online editions, Including Live, do not support completing a Form 1120-S.

However, if you are referring to a Schedule K-1 (Form 1120S) that is only supported in the online editions of either Premium or Premium Live.

As shown on this TurboTax website the Schedule K-1 (Form 1120S) will be available on 02/21/2024 - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product=Turbotax_online&bu=cg

Re: Form 1120-S

philos5 — Mon, 12 Feb 2024 14:51:55 GMT

2/21 is too late. Should be available now...........

Re: Form 1120-S

Vasia — Fri, 07 Mar 2025 05:39:54 GMT

Did you ever get the 1120s figured out? I’ve done the 1120s online last year on TurboTax business Online. No issues. This year I login and there’s no previous tax return. I wanted to import the last years balance sheet info and all the basic stuff. But, it’s not there. I talked 2 different people and they said that last years 1120s is gone unless I saved it on my laptop or printed it which I did. But as I’m doing 2024, clearly there’s a column as you go along that says 2023 that would have last years numbers and information for comparison. Am I missing something?

Re: Form 1120-S

JotikaT2 — Tue, 11 Mar 2025 03:35:06 GMT

Are you logged in using the same credentials used to prepare your prior year returns?

Please see this link to verify any accounts you may have under your information.

@Vasia

Re: Form 1120-S

heavykid — Thu, 13 Mar 2025 16:34:21 GMT

I use turboTax live for business and not able to find schedule M1 and M2 for income loss reconciliation

too much time spent to find it.

Looked the for the form Icon at the upper left can't see it. Only see the letter H

Re: Form 1120-S

heavykid — Thu, 13 Mar 2025 16:43:40 GMT

I am using TurboTax live for business (1120S) should be updated automatically. I'M a first time user and deeply Disappointed.

Re: Form 1120-S

ThomasM125 — Thu, 13 Mar 2025 16:44:00 GMT

Schedule M1 and M2 are below Schedule L which is on page 4 of your Form 1120-S. It is below Schedule L which lists the balance sheet. You can find it in the list of forms on Form 1120-S p3-5.