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redsoxrule4969
New Member

Which program do we need to use to file the K-1 for our SCorp? We used Turbo Tax last year & am not sure what we used.

 
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PaulaM
Expert Alumni

Which program do we need to use to file the K-1 for our SCorp? We used Turbo Tax last year & am not sure what we used.

If you are creating the K-1 for shareholders and filing the 1120-S tax return, then you need TurboTax Business software to complete the corporate return.

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

To enter a K-1 received from the 1120-S into your personal tax return, you will need TurboTaxPremier or Self-Employed (online versions). Or any CD/download version will support the entry of a K-1 on a personal return.

https://turbotax.intuit.com/personal-taxes/online/

https://turbotax.intuit.com/personal-taxes/cd-download/

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PaulaM
Expert Alumni

Which program do we need to use to file the K-1 for our SCorp? We used Turbo Tax last year & am not sure what we used.

If you are creating the K-1 for shareholders and filing the 1120-S tax return, then you need TurboTax Business software to complete the corporate return.

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

To enter a K-1 received from the 1120-S into your personal tax return, you will need TurboTaxPremier or Self-Employed (online versions). Or any CD/download version will support the entry of a K-1 on a personal return.

https://turbotax.intuit.com/personal-taxes/online/

https://turbotax.intuit.com/personal-taxes/cd-download/

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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