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

Alerts and notices
Leave feedback

Internal Employees: Submit feedback

Contact information (optional):

Leave this blank:

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

Characters left:

Change to CS Support service hours

Our Support department is closed on [[date]]. However, limited UltraTax CS phone support is available on that date from 9 AM - 5 PM ET due to the approaching deadline.

Links to our most popular tax processing topics are available in the Alerts and notices section on the right side of most pages.


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


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