1120-US: Changing return entity types (FAQ)

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Question

How do I change the entity type for an 1120 return?

Answer

To change the federal entity type, open the return, choose File > Client Properties, click the Federal tab, and change the 1120 field to the desired entity type. You can also change the client's entity type after the proforma process and UltraTax/1120 transfers the appropriate entity's data to the input screens.

Notes

  • A Consolidated C or Consolidated S federal entity type cannot be changed. The client data must be deleted and added again if client was accidentally set up as a consolidated client.
  • Once a federal entity type is selected for a client, the client cannot be changed to a Consolidated C or Consolidated S entity type.
  • A Consolidated C or Consolidated S entity type can only be selected when the client is first created in UltraTax/1120.

Related topic: 1120 frequently asked questions

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