I need to file S Corp and personal taxes. Which TurboTax do I complete first? Deluxe or Business? I assume I need information generated by one for the other.

[ChristinaS · Accepted solution]

Business. You need to complete the SCorp's 1120S return first, so you have the K1 (1120s) to enter on your personal return.

Your personal return won't be complete without this K1. When the business' return is done, you will enter the K1 here (in Deluxe):

• Federal Taxes
• Wages and Income
• Business Items
• Schedule K1
• Just type in the K1 exactly as it appears.