How do I elect to prepare South Carolina I-435 - Active Trade or Business Income Election with an 1120S return using CCH® ProSystem fx® Tax and CCH Axcess™ Tax?

  • Article Type:
  • How To
  • Last Modified:
  • 11/05/2022




CCH® ProSystem fx® Tax
CCH Axcess™ Tax
South Carolina
S Corporation


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.


    • 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.

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