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Level 2
September 12, 2020
Question

How I do transfer assets' basis from Schedule C to Form 1120S?

  • September 12, 2020
  • 1 reply
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1 reply

George4Tacks
Level 15
September 12, 2020

In the 1040 module export https://proconnect.intuit.com/community/import-or-export-data-files/help/exporting-depreciation-data-to-a-file/00/3557

In the 1120S repeat the process, but import from the file you saved. 

Answers are easy. Questions are hard!
elaineAuthor
Level 2
September 14, 2020

Thank you. I was able to transfer the bases of the assets to the LLC but it took hours.