The TT BUSINESS program you would need for the 1120 form can complete the return you desire. https://turbotax.intuit.com/small-business-taxes/
So to clarify, I CAN NOT use home and business version to do this, is that correct? If so, can I do my small biz and personal taxes with TT business so I don't have to buy two versions of turbotax?
Thanks.
Sorry no. You would need 2 programs.
Turbo Tax Business and Turbo Tax Home & Business are not the same. Home & Business is for personal 1040 returns that need Schedule C for self employment income. You can use either the Desktop program or the Online version for your personal return.
Turbo Tax Business is a separate program from Home & Business. TT Business is for 1120 Corporation, 1120S Corp, 1065 Partnership or 1041 Estate/Trust returns. Not for self employed independent contractors. Turbo Tax Business is not available to do online or on a Mac. You can buy the Window's version here. And you can have both TT Business and TT Home & Business (or any personal version) installed on your computer at the same time.