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Level 1
March 17, 2021
Question

I need to do a Short Year Final Return for 2021 which has not yet been released in the software. Can I just copy 2020 Return and manually update the year?

  • March 17, 2021
  • 1 reply
  • 7 views
The business dissolved around Mid March so the due date for the return will be towards the end of June this year which I am guessing will be before any 2021 forms are approved/released.
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1 reply

sjrcpa
Level 15
March 17, 2021

First - extend it.

Then if the software isn't ready, you can prepare on 2020 forms marking up for 2021 dates and considering any 2021 law changes. You will file on paper. EDIT: Yes I would make a copy of the 2020 file to do this.

The more I know the more I don’t know.