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wrla_voie
New Member

Where do i put income (salary) from an S corp? no w2

 
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7 Replies

Where do i put income (salary) from an S corp? no w2

What did you get?  Did you get a K-1?  You need to use the Premium version to enter a K-1.

 

To enter a K-1 go to

Federal Taxes Tab or Personal (Home & Business version)

Wages and Income

Then scroll way down to S-Corp, Partnerships and Trusts

Schedules K-1 - Click the Start or Update button

 

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

wrla_voie
New Member

Where do i put income (salary) from an S corp? no w2

did that when I filed my s corp taxes...

Where do i put income (salary) from an S corp? no w2

Yes but you have to enter the K-1 that the S corp return prepared and enter it into your personal return.  That is your income.  

DaveF1006
Expert Alumni

Where do i put income (salary) from an S corp? no w2

To clarify, did you have federal income and FICA taxes withheld?

 

@wrla_voie 

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wrla_voie
New Member

Where do i put income (salary) from an S corp? no w2

how/ where?  it won't let me edit.

 

I finished my s corp tax return a few hour ago on turbo tax...

wrla_voie
New Member

Where do i put income (salary) from an S corp? no w2

no

Where do i put income (salary) from an S corp? no w2

Did you use the Turbo Tax BUSINESS program to file the S corp return?  Business is only available for Windows computers.  (it is not the same as Home&Business).  Print out the 1120 S schedule K-1.  Then enter the K-1 into your personal 1040 return.  Are you using the Online version or a Desktop program to do your personal return?  

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