1120-US: Transferring calculated adjustments to Schedule M-2 (FAQ)

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Question

Can I control which calculated adjustments transfer to Schedule M-2?

Answer

Yes. Use Screen StmtS3 in the Review folder to override or delete the Schedule M-2 calculated amounts. Enter 0 in the appropriate field if you do not want the calculated amount, or enter a different amount to override the calculated amount.

Related topic: 1120-US: Form 1120S - common FAQs

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