Schedules L, M-1, and M-2 FAQ (1065)

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The following includes an answer to a common question about Schedules L, M-1, and M-2.


Why aren't Schedules L, M-1, and M-2 being completed?


The printing of these schedules is controlled by the answer to Form 1065, Schedule B, question 6.

If the requirements for Schedule B, question 6 are met, UltraTax CS answers Yes to question 6 and does not complete Form 1065, Total assets or Schedules L, M-1, M-2, and K-1, Partner's capital account analysis.


  • Use the Meet all requirements for Question 6? field in Screen OthInfo to force a different answer.
  • When the answer to question 6 is Yes, use the Print schedules when not required? field in Screen OthInfo to complete these items.

Related topic: 1065 Frequently asked questions

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