- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Filing first return for LLC taxed as S-Corp....turbo tax defaulting to 1120 instead of 1120S
I have a new LLC that I have elected S Corp status. (confirmed with IRS) I have other S Corps but never run into this particular issue.
Have entered all the Business info and 2023 income.... expense numbers ...no problem there. I did not import from QB but entered manually. Number for this first year are not complicated.
But Turbo Tax Business wants to file 1120. I am certain I need to file 1120S.
I cannot figure out which question or which toggle I have missed that will tell Turbo Tax Business that 1120S is the correct form.
Please advise
Topics:
May 20, 2024
10:21 AM