Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted May 12, 2021 5:29:33 PM

What to do if the S-Corp was incorporated last June, but actual start date is this February?

What to do if the S-Corp was incorporated last June, but actual start date is this February? As I answered the start date is Feb/1/2021, it gives error on the Part II short year. 

 

I still have to file taxes for 2020 despite not starting until this year, right? 

 

Do I just leave the error be?

 

0 1 198
1 Best answer
Level 15
May 12, 2021 6:12:45 PM
1 Replies
Level 15
May 12, 2021 6:12:45 PM