George4Tacks
Level 15
12-10-2022
07:37 AM
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I just found some old notes and I tested this process.
Note the Partnership client number – let’s say P005 FOR TAX YEAR 2021 where last digit of file is a 1.
Go to the S Corp module and create a new client S005 and enter Screen 1 info.
Close Lacerte and open File Explorer and go to your data drive shown by X. X:>Lacerte>21tax>PDATA>DETAIL and locate P005.PD1
Copy that file
go to X:>Lacere>21tax>SDATA>DETAIL and paste that file P005.SD1
Rename S005.SD1 to S005.old
Rename P005.PD1 to S005.SD1
Now return to Lacerte and MOST OF YOUR DATA will now be in Partnership module. Review carefully. Not a perfect solution, but I think quicker than total re-entering of all data.
This same concept will work to go S Corp to Partnership
Answers are easy. Questions are hard!