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Convert Partnership to S-Corp

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Convert Partnership to S-Corp

SusanA

Please allow Partnership clients to be converted to S-corporations.  Thank you.

Thanks for the idea. We are changing the status to "Open for voting" since it is no longer considered "New". If you have any questions on the life cycle of an idea, check out our Idea Getting Started Guide for more information.

Status: Open for voting
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4 Comments
calebljenkins
Level 2

The same idea would be true for converting C-Corporations to S-Corporations and vice-versa.

This would have some big programming issues in the areas of shareholder basis, BIG tax, and undistributed AAA accounts, however, these areas could be flagged so that we would have to finish that before the "conversion/proforma" is complete.

sjrcpa
Level 15

@calebljenkins You can transfer S Corp to C Corp and vice versa in Lacerte.

Adam Hodson CPA
Level 1

How about just adding an option to export all depreciable assets from one file to another.  And maybe something similar to export partners from one company to another.

IntuitGabiU
Community Manager
Community Manager
Status changed to: Open for voting

Thanks for the idea. We are changing the status to "Open for voting" since it is no longer considered "New". If you have any questions on the life cycle of an idea, check out our Idea Getting Started Guide for more information.

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