Skip to main content
Level 2
January 16, 2021
Question

proforma from a C-Corp to a S-Corp

  • January 16, 2021
  • 2 replies
  • 5 views

Is there a way to proforma from a C-Corporation into a S-Corporation?  Vs having to reinput beginning balance numbers.

This topic has been closed for replies.

2 replies

sjrcpa
Level 15
January 16, 2021

Not pro forma. Once it is pro forma'd, there is an option to export to C or S. Its not foolproof, but it does save some time.

The more I know the more I don’t know.
IRonMaN
Level 15
January 16, 2021

I'm sure there is since ProSeries can do it.  But I'm not a Lacertian, so I can't tell you how its done.  But then again, by doing a little search I did find how it is done:

Solved: How to convert a c corp to an s corp on lacerte - Intuit Accountants Community

Slava Ukraini!