topic I started an S Corp, have only funded it, not taken any money but paid a contractor well over the $600 threshold. What forms do I need to fill out? in Business & farm

I started an S Corp, have only funded it, not taken any money but paid a contractor well over the $600 threshold. What forms do I need to fill out?

astesch — Wed, 11 Feb 2026 03:55:35 GMT

So, I have not taken any funds from the separate business account, only made deposits, paid a subcontractor and other business expenses. Can turbotax help me with the s corp forms? What do I need to and when?

Re: I started an S Corp, have only funded it, not taken any money but paid a contractor well over the $600 threshold. What forms do I need to fill out?

VolvoGirl — Sat, 10 Feb 2024 04:00:04 GMT

You need Turbo Tax Business. It is a separate program from Home & Business. It is not available to do online or on a Mac. And it will not do your personal 1040 return.

You can buy the Window's version here…..

TurboTax® Business Desktop 2023-2024 | Tax Software Download

Here are the system requirements to install Turbo Tax for Windows…..

https://ttlc.intuit.com/community/system-requirements/help/minimum-system-requirements-for-turbotax-windows-software/00/26175

Re: I started an S Corp, have only funded it, not taken any money but paid a contractor well over the $600 threshold. What forms do I need to fill out?

VolvoGirl — Sat, 10 Feb 2024 04:04:30 GMT

You need to give the contractor a 1099NEC for over $600. So in the Business program,

You can prepare W2s and 1099s by starting a new return, go to FILE - NEW TAX RETURN

On the Work on a Tax Return screen or Welcome to TurboTax screen , scroll down to the bottom and click the blue Prepare W-2/1099 button.

On the next screen, Choose where to prepare your forms, click the Online or Desktop option. You can only prepare 1099-Int & Div using the Online option.

https://ttlc.intuit.com/questions/1900412-how-do-i-create-w-2-and-1099-forms-in-turbotax-business