Corporate tax returns with same beginning year

[GLReneau]

Quick question:

Client is a C corp and filed a short year fiscal year tax return for the initial filing period. The second year's full tax return begins in the same calendar year as the initial filing period's tax return ended.

First period: February 2023 through November 2023

Second period (full year): December 1 through following November 30

How do I tell the program that the second year's tax return starts in the same calendar year? In this case both returns will show as a 2023 tax return just fyi, and I assume that I have to use the same year's tax program i.e. 2023

Thanks.

GLR

[sjrcpa]

By entering the fiscal year dates.

Yes both are 2023 returns.

The 2nd one will probably have to be paper filed.

[GLReneau]

How do I proforma the initial tax return to the same year tax module when doing the second year return? Both returns are considered 2023 tax returns as explained.

Lacerte wants to profoma from 2023 to 2024. This doesn't work 

[sjrcpa]

You can't. 

You can:

Start the new one from scratch or

Copy and rename the first one and change everything that needs to be changed.

You decide which is the least hassle.

[GLReneau]

Thanks. I have arrived at the same conclusion.

Thanks.