Convert an 1120S return to a 1065 return

Complete the following steps to convert an 1120S return to a 1065 return.
note
This action permanently converts the entity type of the open client, and UltraTax CS will carry over most of the data that was previously entered on the existing client's return prior to the conversion. During this process, you can automatically create a copy of the existing return to help you compare the returns after conversion or to maintain a copy for archival purposes.
  1. Select
    File
    , then
    Open Client
    to open the 1120S client you want to convert to a 1065 client.
  2. Select
    File
    , then
    Convert Entity Type to 1065
    .
  3. In the
    Convert from 1120S to 1065
    window, enter the new client ID for the converted client, if desired.
  4. To save a copy of the original tax return with a new client ID, mark the
    Save a backup copy of the original client using this client ID
    checkbox and enter the backup client ID in the field.
  5. Select
    Convert
    to have UltraTax CS convert the entity type to a 1065 return.

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