Started a business in October 2018

[Justin Kerr]

We haven't filed taxes for the Oct18 - Sept19. Do I need to use Turbo Tax for Business for 2018 or 2019? I bought 2019 and went through the entire form, and my 1065 has Beginning Oct 2019 - Sept 2020? I'm not trying to file for that one yet. Trying to file for Oct 2018 - Sept 2019? 

[Anonymous_]

With respect to  fiscal years that begin in 2018 and end in 2019, you would use the 2018 version of TurboTax Business to prepare your Form 1065.

See https://www.irs.gov/pub/irs-prior/i1065--2018.pdf

[Anonymous]

why form does the business take partnership, S-Corp, C-Corp.

the reason I ask is that in some cases a formal election must be filed with the IRS to use a fiscal year.  other wise your first year is from 10/18 through 12/18.

if you have a valid fiscal year, you use the software for the included December which would be December 2018 so 2018 software.  Also hope you have a valid extension because for a business entity with a September year-end the return was due 12/15/2019.