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How do I transfer terminated 1120s data to 1120 data base?

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Level 1
last updated ‎December 07, 2019 6:22 AM

Have a terminated S corp - need to transfer prior year data to 1120 data base to prepare return

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Level 15
last updated ‎December 07, 2019 6:22 AM

It isn't your lucky day.  You can transfer from 1120 to 1120S, but not the other direction.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

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Highlighted
Level 15
last updated ‎December 07, 2019 6:22 AM

It isn't your lucky day.  You can transfer from 1120 to 1120S, but not the other direction.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

View solution in original post

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