Tax Software for Small Business: S-Corp and Partnership

TurboTax Home and Business cannot file 1120-S

If your business is an S-Corporation or multi-member LLC, you need TurboTax Business (Windows desktop, $190) or TaxAct Business Online. The consumer products (TurboTax Home and Business, H&R Block Self-Employed) handle Schedule C sole props — not 1120-S S-Corps.

Entity type	Best product	Cost
Sole proprietor / single-member LLC	FreeTaxUSA	$14.99
S-Corp (1120-S) — Windows PC	TurboTax Business	$245 (Windows only)
S-Corp (1120-S) — Mac	TaxAct Business Online	$109.95-$139.95
Partnership (1065)	TaxAct Business Online	$109.95-$139.95
Multi-entity / complex	Drake Tax / CPA	$345+/return or $1,750+/yr

Tax laws change annually. S-Corp reasonable salary, K-1 allocations, and QBI deductions are complex — verify with a CPA or EA. This is not tax advice.