1120-US: Calculating cost of goods sold for the IC-DISC (FAQ)

Alerts and notices
Leave feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.


Characters left:

Question

Why isn't UltraTax/1120 calculating Schedule A for the IC-DISC?

Answer

UltraTax/1120 calculates Schedule A if you enter data in any of the following fields in Screen DISC A: Beginning inventory (Force), Purchases, Cost of labor, Section 263A costs, Meals and entertainment, Other costs, Ending inventory (Force), a method used to value inventory, or if you entered Cost of Goods Sold depreciation in the asset module or in Screen 4562.

Related topic: 1120-US: Form 1120-IC-DISC - Interest Charge Domestic International Sales Corporation FAQs

Share This