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Does anyone know how to change TurboTax from automatically loading in your entity type? I need to file my extension as a Corp, not an S-Corp yet.

I intended to become an S-Corp and still plan to file the 2553 to file, but for now, i need to file an extension AS a Corp. But TurboTax is taking in the info from Intuit QBO and it said originally S-Corp. But it should say Corp now and then i'll change it later when i file the 2553. I need to file the extension as a Corp, it was rejected since it filed as an SCorp. How can i change what TurboTax has for the entity type?
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DavidD66
Employee Tax Expert

Does anyone know how to change TurboTax from automatically loading in your entity type? I need to file my extension as a Corp, not an S-Corp yet.

You can't change a return from an S-Corp to a C-Corp.   You will have to start a new return.  When you start the return, be sure to indicate that you did NOT use QuickBooks.  You will then be prompted to select what type of return you want to create.  You will select C Corporation (Form 1120).  See screenshot below.  You can use the new return to file your extension, and then continue using the old S-Corp (1120-S) to prepare the company's tax returns.

 

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