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Level 1
June 14, 2021
Question

2021 Short Year Return

  • June 14, 2021
  • 2 replies
  • 16 views

I need to file a 2021 1120S for the period 01/01/21 thru 03/31/21.  Can I do that in Pro Series 2020 software (I'm a first year user)?  I prepared the 2020 return in the 2020 software.

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2 replies

Level 6
June 14, 2021

You can if you are able to have the short year begin in 2020, otherwise you will need to wait until the 2021 software.  

Try having a start date be 12/31/20

JRC
Level 7
June 14, 2021

Keep the Corporation open until nearer the end of Year 2021.

I know Wisconsin requires the return to be processed on the Correct year forms and would require Extensions to be filed until current year forms are out.