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


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