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ninacrutchfield
New Member

Which version of turbotax do I use to record s-corp income on our personal taxes? The company's taxes are done separately by the CPA, I just need to know which version to use for our personal taxes. It's not on the deluxe package.

 
1 Reply
AnthonyC
Level 7

Which version of turbotax do I use to record s-corp income on our personal taxes? The company's taxes are done separately by the CPA, I just need to know which version to use for our personal taxes. It's not on the deluxe package.

Your CPA should have produced and given you a Schedule K-1 for the S corp.  This form will require you to have the Premier version of TurboTax, not Deluxe.

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

If you have already started in the Deluxe, you should be able to upgrade in program by simply accessing the K-1 section.  You can use the search function and search for "K-1" and click the jump to link that appears.  Answer Yes to did you receive a K-1 and the program will prompt you to upgrade.  Or, you can find this section under Federal Taxes > Wages and Income > Other Business Situations > Schedules K-1, Q

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