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Is there any way to transfer partnership data in Lacerte from a prior year to S-corporation in current year without having to reenter depreciation detail, etc ?

rpmorelcpa
Level 1

Status change due to S-corporation election by LLC.

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abctax55
Level 15

You can export the deprec to excel, then import.  Look under tools.

That's the *easiest*.

There's another way, using DOS, whereby you clean the old file (I'd use a copy) of everything expect the deprec then cut/paste that file into the Scorp module, then rename to "sdata" from "pdata".   It works, I did it years ago before export/import worked.   If interested, I can track down the procedure, later.  

Or just ask George...

(I wanna be a member of the pot stirring club too)

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abctax55
Level 15

You can export the deprec to excel, then import.  Look under tools.

That's the *easiest*.

There's another way, using DOS, whereby you clean the old file (I'd use a copy) of everything expect the deprec then cut/paste that file into the Scorp module, then rename to "sdata" from "pdata".   It works, I did it years ago before export/import worked.   If interested, I can track down the procedure, later.  

Or just ask George...

(I wanna be a member of the pot stirring club too)

View solution in original post

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abctax55
Level 15
@George4Tacks  - do you have that DOS method bookmarked?
(I wanna be a member of the pot stirring club too)
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mojocpa
Level 7
Not George, but, here it is:
https://accountants-community.intuit.com/questions/181835-depreciation-transfer
It takes a bit, but worth it if you have beaucoup assets to transfer.
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George4Tacks
Level 15
Mine is better (sorta)

ex-AllStar
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