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hughwmac
New Member

Can I file for a sub chapter s with turbo tax?

turbo tax advertises that one can file for a sub chapter s but where?
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4 Replies

Can I file for a sub chapter s with turbo tax?

Yes.   You need to buy Turbo Tax Business.  It  is a separate program from Home & Business.  It is not available to do online or on a Mac.  And it will not do your personal 1040 return.

 

You can buy the Window's version here…..

https://turbotax.intuit.com/small-business-taxes

 

Here are the system requirements to install Turbo Tax for Windows…..

https://ttlc.intuit.com/community/system-requirements/help/minimum-system-requirements-for-turbotax-...

Can I file for a sub chapter s with turbo tax?

if you don't understand how to prepare an 1120-S return using any self-prepare app you should consult a tax pro for the first year. there's a lot you'll need to learn about the tax aspects of an S-Corp and reporting the results on your 1040. mess up the first year and there are likely to be recurring issues from year to year along with possibly increasing your audit risk.

 

mlinsky4941
Returning Member

Can I file for a sub chapter s with turbo tax?

I have filed my s corp return for several years with turbotax.  This year it is not preparing the return as an s corp.  where in the program is the sub s election?

Can I file for a sub chapter s with turbo tax?

@mlinsky4941    Should be the same as last year.  Are you using the Windows Desktop Business program?  (not the personal Home & Business program).  

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