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Level 2

Question

short year start date

Forum|Forum|3 years ago
April 11, 2023
1 reply
10 views

If C corporation incorporated in spring, expenses incurred thereafter as "start-up" and then business operations begin in August, is the short tax year from the incorporation/organization date OR from the business start date?

TurboTax Business Windows

Level 15

Your short tax year should be from incorporation date to the end of the year.

Please read this IRS document for more information.

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jcook1231Author

Level 2

THank you for replying. I have read similar information but there isn't a lot of detail. TT Business automatically puts my operations start date as the short return start date. There doesn't seem to be anyway around that, other than to say my operations began on the formation date.

jcook1231Author

Level 2

I figured out how to override the short year start date in TT Business to make it the incorporation/organization date.