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    Partnership to S-Corp

    This question is for those who use Lacerte. I have a client that operated as a P/S from Jan-Jun, then operated as an S-corp from Jul-Dec.

    Is there anything I need to be aware of as I prepare the P/S tax return using Lacerte? I checked the box for the "Final Return", and I checked the box for a "Short Tax Year" as well. Do I need to attach any explanations to the final P/S return?

    Is there anything else I should do?
    Dave, EA

    #2
    351

    Partnership is dissoved and 351 incorporation needs appropriate attachments to the return and Sub S election made. Transforee and transforor's statements attached to the appropriate returns.

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