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Level 1
Mar 21, 2022 10:34 PM UTC
Question

schedule k-1

own s-corp and It is my first time filing using turbotax business software.

I don't have to report form k-1 (1065) but it is keep saying I need to do it instead of actual K-1 (1120S) form which I need to file. Is it the same thing? or it is different and I should not fill any information in it.

the business is self-owned 100% I do not have any partners.

It is not letting me file 1120S K-1 but only form1065.

Please help me what to do.

 

Much appreciate it 

 

Thank you

1 reply

AliciaP1
Alumni - Intuit
Mar 21, 2022 10:46 PM UTC

If you are trying to file your business tax return, it seems you have started the wrong kind of form.  You need to start over by creating a new return for a Form 1120S which is the tax return for an S-Corp.

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