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New Member
posted Jun 6, 2019 12:07:26 PM

I started an LLC in 2017 that is taxed as S corp. Do I need to purchase TT Business Tax and additional TT software to complete personal return?

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1 Best answer
Level 1
Jun 6, 2019 12:07:28 PM

Correct.

TurboTax Business will handle your S Corp (1120S) return, and produce a K-1.

TurboTax Online/Desktop (Individual) supports the filing of your personal returns and reporting your K-1 income.

1 Replies
Level 1
Jun 6, 2019 12:07:28 PM

Correct.

TurboTax Business will handle your S Corp (1120S) return, and produce a K-1.

TurboTax Online/Desktop (Individual) supports the filing of your personal returns and reporting your K-1 income.