Using Home & Business (form 1120-S)

[Saharw]

Where do I enter the income from form 1120-S? when using Home & Business TurboTax?

[VolvoGirl]

Are you using Home & Business to prepare your personal 1040 return?  Home & Business won’t prepare the 1120-S.   You need the separate Turbo Tax Business program for 1120-S.

Did you get a K-1 from the 1120-S return?

To enter a K-1 go to

Federal Taxes Tab or Personal (Home & Business version)

Wages and Income

Scroll down to S-corps, Partnerships, and Trusts or 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