mike11
Level 1
12-07-2019
10:36 AM
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Some tax apps allow you to convert an existing partnership client to an S-Corp or vice versa? Is this possible in Lacerte? For instance, turning a 1065 in 2018 into a 1120S for 2018 without having to re-key all the figures and demographic info?
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sjrcpa
Level 15
12-07-2019
10:36 AM
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Technically, no.
If you are familiar with the data files you can copy the 1065b one and paste into 1120S to eliminate some work, but it alo could be a mess.
The more I know the more I don’t know.
George4Tacks
Level 15
12-07-2019
10:36 AM
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Not officially, but it can sort of be done. https://accountants-community.intuit.com/questions/1697459-i-have-a-2016-partnership-return-that-con...
Answers are easy. Questions are hard!
