Use the following steps to enter shareholder information for Form 2553, Election by a Small Business Corporation.
- Choose File > Open Client to open the desired S Corporation client.
- Choose View > Shareholder Information.
- Click the 2553 tab.
- Enter the appropriate information to complete the shareholder consent.
- Click the Done button.
- Click the Elections folder in the folders block, and click the 2553 tab.
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Enter the appropriate information to complete Form 2553, Election by a Small Business Corporation.
Note: You must complete the Election to be effective for tax years beginning field to print Form 2553.
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