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
My 1120 client's general ledger has only one inventory amount. How can I transfer the amount to both Form 1125-A and Schedule L?
Answer
If you use the tax code number for ending inventory on Form 1125-A, UltraTax CS automatically transfers the inventory to the Schedule L balance sheet.
Related topic: 1120 frequently asked questions
Was this article helpful?
Thank you for the feedback!