Can you convert a CY client from a 1065 to an 1120S?

[kpetty2022]

We have a client that is an LLC that received an EIN with an initial partnership tax return due in March 2021. However, he did not have any activity until 2021, and we are now filing his first business tax return. We created a 1065 in ProSeries. Now we have discovered the client did not want a partnership, but an 1120S. Is there anyway to convert his 1065 return to an 1120S return in the 2021 tax program? We are trying to prevent the preparation of the return in the 1120S to save us time. Is this possible?

[Just-Lisa-Now-]

Looks like signs point to No, sorry.

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/can-i-convert-a-1065-to....

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/is-it-possible-to-trans...

[kpetty2022 · Accepted solution]

Thank you for replying. I was not finding anything different, but thought I would ask people who have used the product longer than me. I appreciate your time and effort! K

[qbteachmt]

"did not want a partnership, but an 1120S."

Since that is for 2021, did they run payroll and meet the S Corp requirements, so that filing the election is a valid step to take for 2021? Or, are you already late having this happen properly in 2022?

[kpetty2022]

The taxpayer's intention was always to have an 1120S, not a partnership. He did not have any activity nor file any tax return for the 2020 tax year. He meets the requirements for filing an 1120S in the 2021 tax year.