Which TurboTax package to buy for personal taxes + small business (s corp)

[chims00]

Hello,

I wanted to find out when I go to file my personal taxes. 

I have a business that is an S Corp. The business Taxes are filed through my CPA (separately).

The business give me a K-1 scehdule (1120s) from the business for any income/deductions/credits etc.

Which package should I use to file my personal taxes, where I show the small business K-1 as part of my return?

Should I use TurboTax Business?

Thank you,

Thank you. 

[VolvoGirl]

If your CPA filed the S corp return you only need to enter the K-1 into your personal return.  You need to use the Online Premier version to enter a K-1 .  Or any of the Desktop programs.  All the Desktop programs have the same forms. You just get more help and guidance in the higher versions. .

You don't need the Business or Home & Business versions.

[VolvoGirl]

If you received a Schedule K-1 and need to enter it in TurboTax, using the search bar in your TurboTax program, type in  k1 or k-1 (small k) and click Find.  This should give you a Jump To link to go directly to it.

OR

To enter a K-1 go to

Federal on left or at top

Wages and Income

Then scroll way down to Business items

Schedules K-1, Q - Click the Start or Update button

Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S

[chims00]

Thank you so much. 

That helps alot.

regards,

chinmay