☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 3, 2019 11:48:45 AM

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?

0 1 579
1 Best answer
Level 15
Jun 3, 2019 11:48:46 AM

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/

1 Replies
Level 15
Jun 3, 2019 11:48:46 AM

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/