![]() 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 adjacent field.In the Convert from 1120S to 1065 dialog, enter the new client ID for the converted client, if desired.Choose File > Convert Entity Type to 1065.Choose File > Open Client to open the 1120S client you want to convert to a 1065 client.Converting an 1120S return to a 1065 returnĬomplete the following steps to convert an 1120S return to a 1065 return. ![]() During this process, you can automatically create a copy of the existing return to enable you to compare the returns after conversion or to maintain a copy for archival purposes. ![]() Doing so will permanently convert 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 conversion to the new entity type. UltraTax CS enables you to change a 1065 client's tax return to an 1120S return or vice versa.
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