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Returning Member
posted Mar 16, 2024 10:48:41 AM

Business return not showing in tax file

Hello,

I just filed my taxes using Turbotax Home and Business but I don't see any business return schedule (ex, form 1120) on my tax file, did I do something wrong? I have a S corp LLC. 

Thank you.

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4 Replies
Level 15
Mar 16, 2024 10:54:20 AM

Home & Business is only for personal returns that need Schedule C not a S corp.  you can enter a K-1 you get from the S  Corp but you can't prepare the S Corp return.  

To do the 1120 S corp return 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 have both Turbo Tax Business and a personal version (like Home & Business) installed at the same time.

 

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

TurboTax® Business Desktop 2023-2024 | Tax Software Download

 

Returning Member
Mar 16, 2024 11:30:37 AM

Thank you for your help. I didn't realize I needed two separate product. Now after I file the business tax return how can I go back to amend my personal tax return?

Level 15
Mar 16, 2024 11:40:31 AM
Returning Member
Mar 16, 2024 12:24:22 PM

Thank you so much.