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


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


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

Share This