Business returns 1065/1120S/1120, the previous years information does not transfer into the current year. This happens on personal returns.
The effect to us is we must input lines of data on business returns and on personal returns the information is carried over to the current year. The business returns is where we really need this as theses returns are where we see multiple rental properties. Each property owned must be input, so if there are twenty properties we have 20 line of information.
Thank you.
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