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December 15, 2023
Discussion ongoing

Conversion of LLC to S Corp

Related products:Lacerte
  • December 15, 2023
  • 1 reply
  • 2 views

As of now you cannot convert from LLC to S corp without creating a new client and HAVING TO ENTER ALL FIXED ASSETS IN DETAIL INTO A NEW DEPRECIATION SCHEDULE.  THIS IS VERY TIME CONSUMING AND SEEMS TOTALLY UNNECESSARY.

This needs to be a high priority to give us a solution

 

1 reply

December 29, 2023

Thanks for the idea to convert fixed asset details when converting LLC returns to S Corp. We are changing the status to "Open for voting".

Continue to vote and comment on enhancements by going to the Idea Exchange Home page and select "Status": Open for voting, "Sort by": Most Popular. >> Lacerte Idea Exchange

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