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croberts2
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Hi. What is the cost to file personal, S-corp, and 501.c.3 taxes with TurboTax with carry forward loses?

I'm concerned with K-1s, making sure I capture the carry forward losses, and the 501.c.3 is new.
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2 Replies

Hi. What is the cost to file personal, S-corp, and 501.c.3 taxes with TurboTax with carry forward loses?

To file an S corp return you need to buy  Turbo Tax Business, not to be confused with the personal Home & Business version. Home & Business is just for personal returns that need schedule C for self employment. TT Business is not available to do online or on a Mac. You can buy the Windows Desktop program here,
https://turbotax.intuit.com/small-business-taxes


You can have both a personal program and the Business program installed on the same computer at the same time.

 

You will get a W2 or K-1 from the business return to enter into your personal return. So you will need to do the Business return first.


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

 

For your personal return you can use either the Online Premier or Self Employed Version. The online Self Employed version is for personal returns that need Schedule C for self employment income (not S corp). Or buy any of the Desktop CD/Download programs for Windows or Mac. All the personal Desktop programs have the same forms, you get more help in the higher versions.


You can start an Online return here,
https://turbotax.intuit.com/personal-taxes/online


You can buy the personal Desktop CD/Download program now here,
https://turbotax.intuit.com/personal-taxes/cd-download

 

Hi. What is the cost to file personal, S-corp, and 501.c.3 taxes with TurboTax with carry forward loses?

Sorry - no version of Turbotax does a return for a 501(c)(3) org.

the form required to be filed by that org should have been specified in the determination letter you got or will get from theiRS if tax exempt status is approved after filing form 1023

this is generally of the 990 series. the return is due the 15th day of the 5th month after the close of its tax year (5/15 for calendar year)

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