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Can Lacerte convert a partnership to a C corporation? If so, how...other than manual entry? Thanks!

user20758
Level 1
 
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abctax55
Level 15

You can export/then import the depreciation if that's of interest to you.  But, that's all.

"*******Tax software is no substitute for a professional tax preparer*******
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abctax55
Level 15

You can export/then import the depreciation if that's of interest to you.  But, that's all.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"
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George4Tacks
Level 15

Lacerte only offers the depreciation import and export. https://accountants-community.intuit.com/articles/1857497-exporting-depreciation-data-to-a-file  Import link is at the bottom of the export link. 

Here is my 10 year old post on converting to S-Corp. The same process should work with C-Corp, but I don't think it is worth the effort, since the entity type is so different.

https://accountants-community.intuit.com/questions/222893-can-you-transfer-tax-return-data-from-part...


Here's wishing you many Happy Returns
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sjrcpa
Level 15

There is no option to do this.


Ex-AllStar
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