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Resolving US e-file diagnostic ref. 12718 for Form 2553 in ProConnect Tax
by Intuit• Updated 1 month ago
When trying to e-file a new S-Corporation with a Form 2553, Election by a Small Business Corporation, the following e-file diagnostic may generate:
e-file: When you attach the 2553 as a PDF file, the effective date of the S-corporation election must be before 01/01/20XX. (ref. #12718)
How to resolve diagnostic ref. 12718
- From the Input Return tab, go to General ⮕ Miscellaneous Information.
- Go to the Miscellaneous tab at the top of the screen.
- Under the section Short Tax Year Information, select the box Short tax year for depreciation.
- Enter the date of incorporation in Beginning fiscal year [O].
- Enter 12/31/20XX in Ending fiscal year [O].
- Enter the number of months in Number of months if short year (for annualization).