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Level 2

Question

HELP

Forum|Forum|5 years ago
March 5, 2021
1 reply
1 view

My wife and I use TurboTax Business for our LLC, taxed as a S Corp. For the life of me I cannot figure out which Turbo Tax product to use for our personal. I bought Home and Business but that now is trying to file a Schedule C for the business and I have already filed our Business 1120-S. Thoughts?

Level 15

Do you get a K-1 from the S corp to enter into your personal return? If you use the Online versions you need Premier to enter a K-1. If you buy the Desktop CD or Download then any version will work, even Basic or Deluxe. All the Desktop programs have the same forms. Right, you do not need to fill out schedule C. You could have bought a lower version. Just skip the Business tab. I Have H&B version too if you have more specific questions.

Enter a K-1 under Personal -> Personal Income -> scroll down to Business Investment and Estate Income

Level 2

Yes...I produce a K-1. Will try your suggestion. Thank you