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Level 2
February 13, 2020
Solved

Yearend for S-Corp

  • February 13, 2020
  • 1 reply
  • 16 views

Can I change the yearend for an S-Corp to be 12/29/2019?

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Best answer by PhoebeRoberts

Screen 3.1, Short Tax Year Information, override the beginning and ending fiscal years, and a 12 in the next field.

1 reply

George4Tacks
Level 15
February 13, 2020

Yes, you can but why would or should you?

Is this a final return?

 

 

Answers are easy. Questions are hard!
gf47_2Author
Level 2
February 14, 2020

My client and everything is recorded by the week, not the month.  His week ends on Sunday. His prior return yearend was 12/30 and is reflected on his S-Corp return. This year ended on 12/29. I can only find in Lacerte how to pick a month yearend. 

PhoebeRoberts
Intuit Community Champion
February 14, 2020

Screen 3.1, Short Tax Year Information, override the beginning and ending fiscal years, and a 12 in the next field.