Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProConnect Tax
- :
- ProConnect Tax Discussions
- :
- 1065 Conversion to 1120S
1065 Conversion to 1120S
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
KGL19
Level 2
03-13-2023
06:08 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have a New calendar Year LLC Client who filed a 1065 Partnership Return for tax year 2021, it received its election from IRS to become an 1120S on 1/2/22. My question is-- 1. can i roll partnership basis into the new S-Corp.Capital Accounts (Basis) 2 . What to do with the depreciating fixed assets--can i roll these as well?
Any Advice.
Labels
1 Comment 1
