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Filing first return for LLC taxed as S-Corp....turbo tax defaulting to 1120 instead of 1120S

I have a new LLC that I have elected S Corp status.  (confirmed with IRS)  I have other S Corps but never run into this particular issue.

 

Have entered all the Business info and 2023 income.... expense numbers ...no problem there. I did not import from QB but entered manually.  Number for this first year are not complicated.

But Turbo Tax Business wants to file 1120.  I am certain I need to file 1120S. 

 

I cannot figure out which question or which toggle I have missed that will tell Turbo Tax Business that 1120S is the correct form.

 

Please advise

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1 Best answer

Accepted Solutions

Filing first return for LLC taxed as S-Corp....turbo tax defaulting to 1120 instead of 1120S

You must have selected to start a C corporation return. 

 

Rather, you need to select to start an S corporation return from the outset.

 

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2 Replies

Filing first return for LLC taxed as S-Corp....turbo tax defaulting to 1120 instead of 1120S

You must have selected to start a C corporation return. 

 

Rather, you need to select to start an S corporation return from the outset.

 

Untitled.png

Filing first return for LLC taxed as S-Corp....turbo tax defaulting to 1120 instead of 1120S

Got it....need to completely start over with a new file. Can't correct the one I am working with.\

Thanks

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