S-CORP Effective date

Forum|Forum|2 years ago
August 22, 2023
1 reply
25 views

My client elected s-corp status and was approved with effective date 4/1/22. I put in the effective date in ProSeries and it is giving me an error message. Is there a way around this? Pictures attached.

ProSeries Professional

This topic has been closed for replies.

Best answer by TaxGuyBill

@eaf1213 wrote:

How do you mark the 1120S as a short year in ProSeries?

It's on the first information screen. Under the spot where you enter the name, address and EIN of the corporation.

rbynaker

Level 13

Looks like you'll do a C Corp return from 1/1/22 - 3/31/22 (which might be late if not already filed) and you'll mark your 1120S with a short year 4/1/22 - 12/31/22.

E

eaf1213Author

Level 5

They were never a C-corp. They were a SMLLC and then filed for S-Corp status with effective date 4/1/23. January to March information is being filed on schedule C. How do you mark the 1120S as a short year in ProSeries?

T

TaxGuyBillAnswer

Level 15

@eaf1213 wrote:

How do you mark the 1120S as a short year in ProSeries?

It's on the first information screen. Under the spot where you enter the name, address and EIN of the corporation.

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