Moved my Arizona S-Corp from California to Nevada mid-year 2024

[BobU56]

I relocated my residence and S-Corp out of California on Aug 1 moving everything to Nevada.  Where in Turbo Tax for business do I enter that I relocated my business. And am I still subject to the $800 minimum tax for the 7 months that the corporation was located in CA?

[DaveF1006 · Accepted solution]

Yes, you are responsible for the $800 franchise filing fee since you did conduct business in California during the year. To prepare your return, you would need to prepare a California and Arizona S-Corp returns.  While preparing both State returns, there will be questions in both returns asking you the dates you were doing business in both states so there will be a proper allocation of business activity. 

Be sure you prepare your California S-Corp return before completing the Arizona form so that the proper information will flow from/to both states.

[BobU56]

Thank you! Appreciate the response!