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New Member
posted Jun 4, 2019 3:08:10 PM

Do I have to file CT-6 or CT-3-S for state of New York if I'm an S-corp with no employees?

I started my business in Oct 2017 & made 10,000 in revenue but my net loss was over -8,000. Not sure what forms i have to file for the state of new york or New york city.




0 5 3929
5 Replies
New Member
Jun 4, 2019 3:08:12 PM

It depends - If you are filing a Form 1120S for your S-Corp in 2017 for federal income tax purposes, then you would file CT-3-S  for NY There is no need to also make the election to file as an S-Corp  CT-6 (Fill-in), since your federal treatment will be your NY default treatment.

New Member
Jun 4, 2019 3:08:13 PM

To be considered an S corp for NY, you need to file a CT-6 after you receive confirmation from the IRS and then you file a NY CT-3-S tax return.

New Member
Dec 1, 2019 3:28:05 PM

Is there a way to file a CT-3-S via Turbo Tax?

Level 15
Dec 1, 2019 5:14:43 PM

The TurboTax Business Edition will complete a Form 1120S  and generate a Schedule K-1.  The Business Edition is a separate program from the TurboTax personal editions.  It will not complete a personal tax return, Form 1040.  The Business Edition can only be installed on a Windows based computer, not online or on a Mac.  Go to this TurboTax website for the Business Edition - https://turbotax.intuit.com/small-business-taxes/

Returning Member
Dec 6, 2020 6:13:00 AM

NY state is saying since I've starting using Turbo tax in 2016, I havent filed a CT - 3- S.

 

Rather annoying