1120-US: Entering the allocation method on Screen 8903 (FAQ)

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Question

Why do I need to enter the allocation method on Screen 8903?

Answer

The allocation method is used to determine which lines of Form 8903 are completed; as well as, which supporting worksheets are generated. Per the form instructions, line 4 is completed instead of lines 2 and 3 when the small business simplified overall method is used. In addition, a worksheet is generated to support the deductions and losses allocable or ratable apportioned to domestic production gross receipts when the Small Business Simplified Overall or Simplified Deduction method is selected on Screen 8903.

Related topic: 1120-US: Form 8903 - Domestic production deduction FAQs

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