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January 20, 2020
Question

C-Corp Help

  • January 20, 2020
  • 1 reply
  • 13 views

Hello,

 

I have a C-Corp that is pre-operational, meaning, we have $0 assets, $0 revenue, and incorporated to sign contracts and etc. We might have it unincorporated this year; instead of hiring a CPA (I did it for last year, it cost me $300), I was wondering if I can simply use TurboTax this year for this. If so, which software is best for me?

 

I just need to file the basics.

 

Thanks,

Victor

1 reply

January 20, 2020

One important detail: our C-Corp was incorporated in Delaware and is certified in California. So I'd have to file for both DE and CA. Please let me know the best way to proceed. Thank you so much once again.

Level 15
January 20, 2020

To file for your C-Corp (even if it had no income or expenses), you have to file form 1120.

 

To do this, you'll need to use TurboTax Business which can be purchased at this site. You can purchase state returns separately within the software.

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