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Can you convert 1120 client to be a LLC filing Form 1065 in Lacerte
A C-Corp client converted to be a LLC in Aug 2020. How can I convert the client to be in Partnership Tax in Lacerte? Or, I need to start brand new client in Partnership tax?
George4TacksAnswer
Level 15
February 1, 2021
You can export the depreciation from one type and import to the other. You can not convert, so you do need to start fresh.
https://www.thetaxadviser.com/issues/2019/jun/conversion-c-corporation-llc.html may be of interest
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