I have my personal taxes set up with TurboTax and now need to add an 1120S. Can I do this under the same log-in (account) so my personal and S-corp can interact?

richardprange · ‎June 3, 2019

DoninGA · ‎June 3, 2019

To complete an S Corp tax return, Form 1120S, you would need to purchase the CD/Download of the Business Edition. The Business Edition can only be installed on a Windows based personal computer, not on a Mac or online. The Business Edition cannot complete a personal tax return, Form 1040. There is no linkage between the Business Edition and any of the TurboTax personal editions. The Schedule K-1 generated for the S Corp is entered on your personal tax return.

Go to this TurboTax website for the Business Edition - https://turbotax.intuit.com/small-business-taxes/

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DoninGA · ‎June 3, 2019

To complete an S Corp tax return, Form 1120S, you would need to purchase the CD/Download of the Business Edition. The Business Edition can only be installed on a Windows based personal computer, not on a Mac or online. The Business Edition cannot complete a personal tax return, Form 1040. There is no linkage between the Business Edition and any of the TurboTax personal editions. The Schedule K-1 generated for the S Corp is entered on your personal tax return.

Go to this TurboTax website for the Business Edition - https://turbotax.intuit.com/small-business-taxes/

I have my personal taxes set up with TurboTax and now need to add an 1120S. Can I do this under the same log-in (account) so my personal and S-corp can interact?