Essentially what is happening here is that you are "closing" one entity type and moving it to a different entity type. Additionally, the software program is a separate program for the S corp; TT Business.
There is no "final return" marking on the Schedule C. You need to "close out" the assets in order to remove them from the individual tax software. To do this, just show them as disposed with no gain or loss. This justs eliminates them from the software. Before you do this, make sure you print a detailed copy of the depreciation schedule so you can enter the assets and accumulated depreciation into the Business software program. Same applies for the R&D and start-up costs.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
