1120-US: Form 1120, Page 6 prints with no amounts (FAQ)

Show expandable text

New (tax) year, new help!

Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

Question

Why is Form 1120, Page 6 printing with no amounts?

Answer

For C Corporations, Schedules L, M-1, and M-2 are not required to be completed if total receipts for the year and year-end assets are less than $250,000. However, UltraTax CS will continue to print Form 1120, Page 6. To suppress the printing of Form 1120, Page 6, mark the Suppress printing of Form 1120, Page 6 when receipts and assets are less than $250,000 (C Corp) checkbox in the Setup > 1120 Corporation > Federal tab > Other Return Options > Return Presentation tab.

Note: To set this option on a return-by-return basis, mark the Suppress printing of Form 1120, Page 6 when not required field in Screen Mc in the Balance Sheet folder. This field is disables if the respective checkbox in the Setup > 1120 Corporation > Federal tab > Other Return Options > Return Presentation tab is marked.

Related topic: 1120 frequently asked questions

Was this article helpful?

Thank you for the feedback!