Hello,
I registered a company (inc) in Virginia in Feb 2023, it was elected as S-Corp from day one and has NEVER started business and had NO activities and NO income throughout tax year 2023.
1.What TurboTax product should I use to file the tax forms (1120S) for that company?
2.As I know that An S corporation's income and deductions “pass-through” to each shareholder to be reported on their personal income tax, but the company has ZERO income throughout tax year 2023, so what TurboTax product should I use to file my personal income tax return? Can I still use the Federal+State Return combo?
Any advice is appreciated! Thank you in advance!
