cu12345
Level 2
12-07-2019
12:04 AM
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I would like to transfer a partnership client to an SCorp - LLC so all basis type issues stay the same
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sjrcpa
Level 15
12-07-2019
12:04 AM
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Sorry, there is no conversion for this in Lacerte.
The more I know the more I don’t know.
cu12345
Level 2
12-07-2019
12:04 AM
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I was able to convert from the back end, just as an FYI in case someone else is having this problem. I set up a new SCorp client and then copied and renamed the partnership file with a SCorp extension into the SCorp detail file. I remember doing this several years back with another client. It appears right now that I have copied/converted the depreciation schedules as well as some of the other basic data -- not all, but enough to save me some tedious reentry. It's not perfect, but possible and what I was hoping the phone support group could work through. Unfortunately they gave me the same answer-- no conversion-- so thankful I didn't give up and a suggestion for future programs to be able to do from any entity/individual to any other.
sjrcpa
Level 15
12-07-2019
12:04 AM
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Thanks for the hint.
The more I know the more I don’t know.
The more I know the more I don’t know.