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Level 1
December 7, 2019
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Can Lacerte convert a partnership to a C corporation? If so, how...other than manual entry? Thanks!

  • December 7, 2019
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Best answer by abctax55

You can export/then import the depreciation if that's of interest to you.  But, that's all.

3 replies

abctax55
abctax55Answer
Level 15
December 7, 2019

You can export/then import the depreciation if that's of interest to you.  But, that's all.

HumanKind... Be Both
George4Tacks
Level 15
December 7, 2019

Lacerte only offers the depreciation import and export. https://accountants-community.intuit.com/articles/1857497-exporting-depreciation-data-to-a-file  Import link is at the bottom of the export link. 

Here is my 10 year old post on converting to S-Corp. The same process should work with C-Corp, but I don't think it is worth the effort, since the entity type is so different.

https://accountants-community.intuit.com/questions/222893-can-you-transfer-tax-return-data-from-partnership-module-to-s-corp-module

Answers are easy. Questions are hard!
sjrcpa
Level 15
December 7, 2019

There is no option to do this.

The more I know the more I don’t know.