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Get your taxes done using TurboTax
Right now the IRS has not accepted your request to change to an S-Corp so if you filed your personal return already using the K-1 form issued by the 1120-S then sign the form and return it for the 2022 return. Then if you want to revert to the Sch C in 2024 you will file one more 1120-S form for 2023 showing the income & expenses and checking the FINAL box.
‎December 13, 2023
2:15 PM
1,427 Views