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Level 1
December 7, 2019
Solved

Can I convert a 1065 to 1120s? Entity made s-corp election for TY18.

  • December 7, 2019
  • 1 reply
  • 33 views
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Best answer by CMS_VA_CPA

No conversion within the program.  You would have to start a new 1120S return.

This would apply regardless of whether you have an LLC that made the elections to go from partnership treatment to Scorp treatment or a true partnership to to a new Scorp entity.

1 reply

Level 4
December 7, 2019

No conversion within the program.  You would have to start a new 1120S return.

This would apply regardless of whether you have an LLC that made the elections to go from partnership treatment to Scorp treatment or a true partnership to to a new Scorp entity.