Transfer S Corp to C Corp in Proseries.

[Akinofe67]

I have a client that switched to C Corp mid-year 2019. So I have to file two short year returns for 2019. How do I go about it? Especially the C Corp short year return? Can I import last year's S Corp into a 2019 C Corp return? I have already imported the last year's return into 2019 S Corp, and I haven't filed the short year 2019 S Corp just yet. I have assets that i will need to import and other general information. So how can I import, if I can, import 2018 S Corp to prepare 2019 C Corp short year return.

Thanks

[IRonMaN]

No can do.  You can transfer a C corp to an S but you can’t go the other direction with the software.

[Akinofe67]

Thank you IronMan for the answer, I appreciate it. But can I, after I create the C Corp in Proseries, import my fixed assets that was in the S Corp 2018 into the  C Corp? I have a lot of fixed assets, not too much, but I'd prefer to net enter them one by one again. Do you have any thoughts on that?

[IRonMaN · Accepted solution]

You would be ok if you used FAM, but not if the assets are in ProSeries.