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Which TY software for S Corp short year return

jerry
Level 4

Client dissolved S Corp on late October, so short year return is due by Jan 15.  Which year Lacerte software should I use -  2017 or 2018?  I'm not sure TY 2018 final release will be ready in time.

Or doesn't it matter?

Thanks!

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TaxGuyBill
Level 15

If it is a calendar year, you use 2018 software.

However, even if the software is available, it doesn't really mean it is "ready".

File an extension.  Then the due date won't be until July.

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TaxGuyBill
Level 15

If it is a calendar year, you use 2018 software.

However, even if the software is available, it doesn't really mean it is "ready".

File an extension.  Then the due date won't be until July.

View solution in original post

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Accountant-Man
Level 12

It depends on the first day of the tax year. January 1, 2018 means 2018 tax year.

** I'm still a champion... of the world! Even without The Lounge.
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George4Tacks
Level 15

Drake writes a good scenario https://kb.drakesoftware.com/Site/Browse/13713/Business-Ended-Filing-ShortYear-Return-Before-Tax-For...

Here is a similar Lacerte question https://accountants-community.intuit.com/questions/1576774-can-i-e-file-a-final-short-period-2017-ye...

It looks like S-Corp will be ready 1/9/19, you may be able to get it done on time. https://lfs.intuit.com/#/s/US/S You will need to check on your state. 


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