I have a single-member llc that elected S-corporation status. I need to revoke the S-corp election and be treated as a disregarded entity (Schedule C) going forward, effective January 1, 2026.
I am trying to e-file Form 1120-S using TurboTax Business (desktop version), but I cannot find an option to attach Form 8832. Does this mean Form 8832 must be filed manually? If so, can I e-file Form 1120-S first and, once it is accepted, mail Form 8832 separately?
In addition, do I need to mark the return as a “Final return” on Form 1120-S? Form 8832 specifies the new entity classification after revoking S-corp status, so I am unsure whether the “Final return” box should be selected on Form 1120-S. If yes, how do I do this in TurboTax Business?
On page 1 of Form 1120-S, Section H includes several checkboxes (Final return, Name change, Address change, Amended return, S election termination). In my case, should I select “Final return” or “S election termination,” and how is this handled within the TurboTax Business software?
