How do I make the Qualified Subchapter S Subsidiary Election? Can this be done in Drake Tax?
A Qualified Subchapter S Subsidiary Election is made by completing and filing Form 8869. A fillable Form 8869 is available from the IRS website. It is not able to be e-filed through Drake Tax. See the instructions for details.
To answer the question on the parent S corporation, "During the tax year, was a qualified subchapter S subsidiary election terminated or revoked?" go to the 1120-S return > screen B > question 13. See the instructions for details.