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Level 1
December 7, 2019
Solved

Will the capital loss carryover, passive activity loss carryover, etc be tracked after conversion from another software?

  • December 7, 2019
  • 4 replies
  • 40 views
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Best answer by sjrcpa

To be safe, assume No and check all of these items on your converted clients. Accumulated depreciation, too.

4 replies

sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

To be safe, assume No and check all of these items on your converted clients. Accumulated depreciation, too.

The more I know the more I don’t know.
IRonMaN
Level 15
December 7, 2019

It should but anytime you convert you have the potential for some things not coming through perfectly.

https://proconnect.intuit.com/proseries/data-conversion/

Slava Ukraini!
Level 7
December 7, 2019
I would try to convert into PS 2017 from Other2017, then make sure it converted perfectly before transfer into PS 2018