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Level 3
October 7, 2022
Question

Will transferring prior year info (2020) again remove all info entered for 2021? (Exempt Org 990-T )

  • October 7, 2022
  • 1 reply
  • 2 views

I am preparing several years of late Form 990-Ts for client. I started with the earliest year and rolled forward (transferred) proforma info to the next year as the returns were completed. Now I have received new information for one of the interim years but when I make the change I will need to roll forward (transfer) the proforma info to the next year (which is 99% complete) because if affects a carryforward. 

Will transferring the 2020 proforma to 2021 again delete all the 2021 information that has already been entered?

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1 reply

sjrcpa
Level 15
October 7, 2022

"Will transferring the 2020 proforma to 2021 again delete all the 2021 information that has already been entered?"

Yes.

The more I know the more I don’t know.