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January 27, 2023
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S corp to C corp change

  • January 27, 2023
  • 1 reply
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In my 2021 tax return form 1120-S for option H selection (5) S-election termination was selected.

I just downloaded turbotax business but it is not allowing me to change to C corp filing, it has defaulted to S corporation returns since it pulled my last years returns. Please advise how do I file C corp return if the last year returns was as S-corporation. 

Thanks,

Best answer by Anonymous_

@EWM Consulting wrote:

....how do I file C corp return if the last year returns was as S-corporation. 

You have to start a new C corporation return (1120) from scratch.

1 reply

Employee
January 27, 2023

@EWM Consulting wrote:

....how do I file C corp return if the last year returns was as S-corporation. 

You have to start a new C corporation return (1120) from scratch.