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Retroactively revoking S Corp Status
I elected S corp status for my sole proprietorship in 2019. On my 2019 tax return, I mistakingly filed a Schedule C included with my personal return, rather than filing a separate S-Corp return. For 2020, I am wondering if I can retroactively revoke the S-corp status, not have to amend my 2019 return, and continue to file a schedule C for 2020. Any advice appreciated!
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‎April 24, 2021
10:47 AM