I received a 1099 misc income form which a posted in my s corp form. Do I have to report the same income on my 1040? Am I being taxed twice?

[saricinfo]

If I don't post the income in the turbo tax business software, then I have more deduction for the 1099 posting in the 1040 form.

[PatriciaV]

If Form 1099-MISC reported income related to your S-Corp, you must include that income on your business tax return. That income will flow through the S-Corp to your personal tax return via Schedule K-1, which is part of Form 1120S (S-Corp Income Tax Return). You are taxed only on your personal income. Your S-Corp pays no income tax.