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Level 1
March 6, 2020
Question

Home and business software question

  • March 6, 2020
  • 1 reply
  • 9 views

Hello,

 

I bought the home and business software.  I entered all of my business information into the computer and it moved me right along to personal taxes after I finished.   When I went back to business tab, it only displays the profit from the business and none of the details (expenses, income) I entered.

 

The business is a S-Corp (form 1120-S)  am I going to be able to file this with this software?  I guess I am confused why it took me right to personal taxes.  

 

The reason why this was brought to my attention is because after I started entering stuff into personal taxes it then asked for schedule K-1 income (which is the income I am going to claim from the business), but it has not been filed yet. Any information would be appreciated regards to if I can file the 1120-S with the home and business software I entered the information in or do I need different software for this.  Thank you. 

 

 

1 reply

Level 15
March 6, 2020

You should be using TurboTax Business for an S-corp--not Home and Business.  You got the wrong software.

 

https://turbotax.intuit.com/small-business-taxes/

 

 

To call TurboTax customer support

https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number

They are available from 5 a.m. to 9 p.m. Pacific time

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**