How Do I switch from a C Corp to An S Corp?

[lippaman]

An existing C Corp with a year end on12/31/2016 became an S Corp on 1/1/2017.  Where do I go to in Turbo Tax to show the change.

[AmandaR1]

You do not report this as a change on your business income tax return. Instead, you'll just file a s-corporation return this year, form 1120-S. When starting a return, you'll be asked about the type of form.

To make sure you've completed everything needed to qualify, be sure to check out the steps at the IRS for making this change: https://www.irs.gov/businesses/corporations/filing-requirements-for-filing-status-change-revised-11-... 

[pamtown]

I am having the same problem.  If I select NEW return, I can select S corp.

BUT!!!!!

If you use Turbotax every year and it pulls in your info from last year, I CAN'T FIND ANY PLACE TO CHANGE IT TO S CORP. It assumes you want to file a C corp again and there's no place to change it.

Problem.

[ThomasM125]

You can't transfer in your tax data from one tax entity into another one, you will have to manually enter in your carryover information.