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Level 2
Feb 23, 2021 10:44 PM UTC
Question

Sub S election

How can I submit a form 2553 within the Partnership module

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3 replies

sjrcpa
Level 15
Feb 23, 2021 10:46 PM UTC

You can't.

The more I know the more I don’t know.
AC84Author
Level 2
Feb 23, 2021 10:48 PM UTC

Ok, but we have two LLC-Partnership returns that both wish to elect Sub-S for tax year 2021 so why does Lacerte not make 2553 available in the Partnership module?  Do you recommend just attaching it as a PDF??

sjrcpa
Level 15
Feb 23, 2021 10:55 PM UTC

Since you are timely filing for a 2021 S election, it gets mailed to the Service. Get the form from irs.gov, or a forms service if you use one, and fill it out.

EDIT: Do not attach it to a 2020 1065.

The more I know the more I don’t know.