1065-US: Reporting the negative of the amounts reported on Schedule M-3, Part III, line 31, columns (a) through (d) (FAQ)

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Question

Why are the amounts on Schedule M-3, Part II, line 24, the negative equivalent of the amounts on Part III, line 31?

Answer

Per the Schedule M-3 instructions, the negative of the amounts reported on Schedule M-3, Part III, line 31, columns (a) through (d) should be reported on Part II, line 24, columns (a) through (d), as applicable.

Related topic: Schedule M-3 FAQs (1065)

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