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grusalog
New Member

I use quick books and have an S-corp. What now? Can I download QB into it?

Which product do i use if I am doing my personal as well?
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1 Reply
JoannaS
New Member

I use quick books and have an S-corp. What now? Can I download QB into it?

You will need TurboTax Business  (a different program than Home & Business) to do your S-corp 1120S return.  As a shareholder in the S-corp you'll receive a K-1. Those K-1 amounts are what your will report on your personal tax return.

In Home & Business enter k-1 in Find and choose Jump to k-1. Then you can work on Income from a S Corporation (Form 1120S)

Here's a good article by TurboTax on Do Chapter Sub S Corps File Personal Tax Returns?

Yes, you can download QuickBooks data into the Business program. Follow these steps:

https://ttlc.intuit.com/replies/3301888

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