gebclsd Posted May 27, 2021 Report Share Posted May 27, 2021 I'm thinking of changing to ATX for my 1040 clients. Is the conversion difficult? What kind of information from my old program, must I take special care to be sure they are converted over correctly? thanks, J Quote Link to comment Share on other sites More sharing options...
Pacun Posted May 27, 2021 Report Share Posted May 27, 2021 When purchasing ATX, let them know that you want to import your data. They will ask you what software your are using to access the data to be imported and they will give you instructions and advice you of any incompatibilities. Quote Link to comment Share on other sites More sharing options...
Lynn EA USTCP in Louisiana Posted May 27, 2021 Report Share Posted May 27, 2021 After conversion from your previous software check all the carry forwards - NOL, capital losses, 8582 limitations, depreciation . 3 Quote Link to comment Share on other sites More sharing options...
Gail in Virginia Posted May 28, 2021 Report Share Posted May 28, 2021 14 hours ago, Lynn EA USTCP in Louisiana said: After conversion from your previous software check all the carry forwards - NOL, capital losses, 8582 limitations, depreciation . I would add installment sales to that list. 5 Quote Link to comment Share on other sites More sharing options...
jasdlm Posted May 28, 2021 Report Share Posted May 28, 2021 I converted 200 returns to ATX (from another practitioner) in the fall of 2019. Every single depreciation schedule had to be adjusted, so I would recommend converting soon so you have time to review every return. Second what everyone said about checking carryforwards, NOLs, etc. There were also random, inconsistent transfer issues, so just leave yourself plenty of time to open and review each 2020 return prior to the 2021 season. This was my second season with the new peeps, and it was much smoother, so when it feels unmanageable, remind yourself it is a one year issue. 3 Quote Link to comment Share on other sites More sharing options...
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