I have a Job, My Wife runs a daycare out of our house. the daycare is an S-corp and I am a member of the S-corp and so are my three children (adults) We also have three employees (w2's for all of them) Can I file on one turbo tax product? Which one? Married filing jointly
You'll need to sign in or create an account to connect with an expert.
You'll need two tax products. The CD\Download versions allow you to e-file five tax returns.
For your wife's S-Corp, she'll need to file Form 1120S (U.S. Income Tax Return for an S Corporation). It's available in TurboTax Business.
For your personal income tax return, if you want to use TurboTax online, you'll need TurboTax Premier and TurboTax Live Premier since you'll have a K-1's from the S-Corp.
OR
For your personal income tax return, if you want to use TurboTax CD\Download, you may use Deluxe, Premier, or Home & Business.
Related information:
You'll need two tax products. The CD\Download versions allow you to e-file five tax returns.
For your wife's S-Corp, she'll need to file Form 1120S (U.S. Income Tax Return for an S Corporation). It's available in TurboTax Business.
For your personal income tax return, if you want to use TurboTax online, you'll need TurboTax Premier and TurboTax Live Premier since you'll have a K-1's from the S-Corp.
OR
For your personal income tax return, if you want to use TurboTax CD\Download, you may use Deluxe, Premier, or Home & Business.
Related information:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Jam89
Returning Member
olegyk
Level 1
jklegge
New Member
Jackdmv5
Returning Member
gusakovaev-gmail
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.