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Was it a C Corporation before it changed to an S Corporation?

Hello. I am having a hard time answering a question in 1120S form in TurboTax Business.

Former C Corporation Questions.

Was it a C Corporation before it changed to an S Corporation? Yes or No

Should I answer yes if I started a C Corp and filed for S Corp which was elected with a back date for the same day C Corp was formed?

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MaryK4
Expert Alumni

Was it a C Corporation before it changed to an S Corporation?

No, you would only answer that it was a C Corp if you actually filed as a C Corp before the election.

 

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1 Reply
MaryK4
Expert Alumni

Was it a C Corporation before it changed to an S Corporation?

No, you would only answer that it was a C Corp if you actually filed as a C Corp before the election.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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