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Level 2
June 17, 2020
Solved

Filing final form 1065 for a short year

My business closed 5/31/20, so the filing deadline for the final return will likely be before 2020 forms are available from the IRS.  I will therefore use 2019 forms.  Can I prepare this using Turbotax?  Can I file using Turbotax?  How do I avoid overwriting the already filed return for calendar year 2019?

Level 15
June 17, 2020

You can prepare the return using the 2019 version of TurboTax Business, but you will not be able to e-file. Rather, you will need to make some manual entries in Forms Mode, print out the return, manually correct the dates on your 1065 and K-1s (at least), and then mail the return.

 

To avoid overwriting your previously filed return for 2019, ensure that you save that file under a unique file name and copy the file to at least two different media (e.g., an external hard drive or SSD and a USB flash drive).

 

 

2 replies

Level 15
June 17, 2020

You can prepare the return using the 2019 version of TurboTax Business, but you will not be able to e-file. Rather, you will need to make some manual entries in Forms Mode, print out the return, manually correct the dates on your 1065 and K-1s (at least), and then mail the return.

 

To avoid overwriting your previously filed return for 2019, ensure that you save that file under a unique file name and copy the file to at least two different media (e.g., an external hard drive or SSD and a USB flash drive).

 

 

UpACreekAuthor
Level 2
June 17, 2020

Thank you!