1120-US: Amounts on Schedule M-3, Part II (FAQ)

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Question

Why are the amounts on Schedule M-3, Part II, line for Total expense / deduction items the negative equivalent of the amounts on Part III?

Answer

Per the Schedule M-3 instructions, the negative equivalent of the amounts reported on the Total expense / deduction items line in Part III, should be reported on corresponding line in Part II.

Related topic: 1120-US: Schedule M-3 FAQs

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