I am moving from Pro Series to ProConnect. On my Federal Income tax summary, I have allocations show up under other items reported separately but nothing on current year. I cannot find anything off on the K-1's but I am concerned that the information pulled over from Pro Series did not import correctly. Is this a known issue when converting to ProConnect?
Nothing ever converts completely from one software to another.
Fixed Assets depreciation, passive loss carryovers and basis are prime examples.
What does convert also needs to be checked because there can be errors.
Hi as stated by another member, there are items that do not convert. Please review this article Data Conversion Quick Reference Guide for ProConnect Tax. It will give you specific details of what is converted and what is not converted. If after review you find something did not come over that the article states should have, please contact ProConnect Support for assistance with completing your conversion.
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