I am following the for: Transferring depreciation assets between return types found in the topics. And followed them but when I import from my existing 2020 S Corp file, I receive an exception that 0 assets have been transferred. The S Corp has 150+ fixed assets in the file. Has anyone else had this issue? What am I doing wrong?
Thank you for your time.
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in FAM, did you go to File>>Client Information>>Forms and then change from 1120S to 1120, it should rebuild and then export as C corp assets. that is, if I am reading your question. and if you are transferring to a different FEIN, you would need to change that also.
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