Form SC 1120S, Check box 'Check for Active Trade or Business Election' This check box will be populate when S-corp elects to pay tax at entity level.

1. Go to South Carolina > SC11A, Box 30 (SC Worksheet > Reduced Tax Rate: I-435 > Active trade or business income selected I-435), select the checkbox.
2. Calculate the return.

Notes

• SC Sch K-1 checkbox 'S-Corporation - Check for Active Trade or Business Election'  will be populated when S-corp elects to pay tax at entity level.
• SC Sch K-1, Line 13  will populate with the shareholder's share of Amount of active trade or business income taxed by S-corp when this election is selected. 
• SC1120S, page 1, line 6 will populate with the tax calculated on I-435.