I own several rental properties (no mortgages) and recently changed from an LLC (reporting on Form 1040) to an S-Corp. Do I have to actually transfer" the properties from one entity to the other, and how do I do that? I have owned the properties for several years, but when I enter 1/1/202 as my S-corp election date, the program will not let me enter earlier dates of when I bought the properties....what should I do?
