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S-CORP Effective date

eaf1213
Level 4

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.Screenshot 2023-08-21 2043165.jpgScreenshot 2023-08-21 204719.jpg

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Accepted Solutions
TaxGuyBill
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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3 Comments 3
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.

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eaf1213
Level 4

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? 

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TaxGuyBill
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.