Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Will the capital loss carryover, passive activity loss carryover, etc be tracked after conversion from another software?

PRpistol
Level 1
 
Labels (1)
0 Cheers
1 Solution

Accepted Solutions
sjrcpa
Level 15

To be safe, assume No and check all of these items on your converted clients. Accumulated depreciation, too.


ex-AllStar

View solution in original post

0 Cheers
4 Replies 4
sjrcpa
Level 15

To be safe, assume No and check all of these items on your converted clients. Accumulated depreciation, too.


ex-AllStar

View solution in original post

0 Cheers
IRonMaN
Level 15

It should but anytime you convert you have the potential for some things not coming through perfectly.

https://proconnect.intuit.com/proseries/data-conversion/


Pot Stirrer Gold Medalist - Rio de Janeiro Games
0 Cheers
Marc-TaxMan
Level 8
I would try to convert into PS 2017 from Other2017, then make sure it converted perfectly before transfer into PS 2018
0 Cheers
Marc-TaxMan
Level 8
I would also wait to convert PS 2017 to 2018.  Just watch here to see the bug reports!
0 Cheers