1120-US: Transferring inventory to Schedule L and Form 1125-A for CS Professional Suite accounting application users (FAQ)

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Question

My 1120 client's general ledger has only one inventory amount. How can I transfer the amount to both Form 1125-A and Schedule L?

Answer

If you use the tax code number for ending inventory on Form 1125-A, UltraTax CS automatically transfers the inventory to the Schedule L balance sheet.

Related topic: 1120 frequently asked questions

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