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S Corp initial return

bhwcpa
Level 2

I have put in the incorporation date of 3-02-2020.  I also put the S election date of 3-02-2020.  It comes back with the following:

Effective date of S Election entered is later than the beg of the tax year.

 

If I change the S election date to 1-01-2020, it says S election date cannot be before date of incorporation.  All other returns I've done through the years had no trouble with these dates.

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Lee Peters
Level 1

I had a similar situation.  The errors cleared after checking the box for Short Year on the Info Worksheet and entering the appropriate dates there as well.

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Lee Peters
Level 1

I had a similar situation.  The errors cleared after checking the box for Short Year on the Info Worksheet and entering the appropriate dates there as well.

View solution in original post

bhwcpa
Level 2

You are a rock star!  Thank you so much - it worked.

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