Opfor77
Level 4
03-09-2023
10:11 AM
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Client had a schedule c until 6/1/22. Changed schedule c to 1065 partnership on 6/1/22. How do I transfer the assets from schedule c to 1065 without showing the assets sold in a fully taxable transaction? Also, where do I show the schedule c either as inactive, or as shutting down? Can't locate the proper areas for this in the software.
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