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I am attaching a completed form 2553 to an 1120S. But I cannot figure out how to mark the box "yes" for line G: Is the corporation electing to be an S corp beginning with this tax year? Where can I make this election?
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PCT has a neat feature > Check Return > Find the form you want > find the line or box you want to do entry for > CLICK the line or box and it will generally jump to input.
If you don't see where it entered hit the space bar and that will often add a check mark where it landed. Hit space bar again to remove it is not exactly where you want to be. In this case the box is for Initial return (which is probably true) and right above it is Corporation is electing...
Have you completed the 2553?
Answers are easy. Questions are hard!
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Thank you. This is my first year using PCT. Appreciate the tip!
