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Conversion of LLC to S Corp

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Conversion of LLC to S Corp

wayneh

As of now you cannot convert from LLC to S corp without creating a new client and HAVING TO ENTER ALL FIXED ASSETS IN DETAIL INTO A NEW DEPRECIATION SCHEDULE.  THIS IS VERY TIME CONSUMING AND SEEMS TOTALLY UNNECESSARY.

This needs to be a high priority to give us a solution

 

Thanks for the idea to convert fixed asset details when converting LLC returns to S Corp. We are changing the status to "Open for voting".

Continue to vote and comment on enhancements by going to the Idea Exchange Home page and select "Status": Open for voting, "Sort by": Most Popular. >> Lacerte Idea Exchange

If you have any questions on the life cycle of an idea, check out our Idea Exchange Getting Started Guide for more information.

Status: Open for voting
Vote now if this is a good idea
1 Comment
IntuitGabi
Community Manager
Community Manager
Status changed to: Open for voting

Thanks for the idea to convert fixed asset details when converting LLC returns to S Corp. We are changing the status to "Open for voting".

Continue to vote and comment on enhancements by going to the Idea Exchange Home page and select "Status": Open for voting, "Sort by": Most Popular. >> Lacerte Idea Exchange

If you have any questions on the life cycle of an idea, check out our Idea Exchange Getting Started Guide for more information.

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