5500Q - Can you revoke a 5500 and file a 5500 C/R instead?

[Alf]

We originally filed a full Form 5500 without the required audit report, but we are eligible to file a 5500 C/R (with no audit requirement). Can we now file a Form 5500 C/R for that prior year to replace the full 5500 that was originally filed?

[Guest Rena Breeding]

I would file an amended return using a 5500 c/r with an attached note to the amended return explaining the situation.

[Disco Stu]

Why do you need to refile?

It's OK to file a full 5500 even if you're entitled to file a C/R. As long as you answer "yes" to the question about being exempt from the audit requirement you can file a full 5500 without an audit attached.