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azzron
New Member

C Corp showing as S Corp

We are a C corp but the Turbo Tax Business software is showing as an S corp. How do we change back to to C Corp?

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2 Replies
M-MTax
Level 15

C Corp showing as S Corp

You started the wrong type of return (1120-S v 1120).

 

The only solution is to start a new return (an 1120); you can't change an 1120-S into an 1120 in the software.

LaShaunA3
Employee Tax Expert

C Corp showing as S Corp

You will need to start a new return. Choose Corporation (1120) when prompted. Re-enter or import your data. 

 

You can keep both files temporarily open so you can copy figures (income, expenses, balance sheet items) from the S-Corp return into the new C-Corp return.

 

 

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