UltraTax CS
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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 isn't the Schedule M-3 member information reported on the C Corporation consolidated reports?
Answer
Per both the Schedule M-3 instructions and the direction of the IRS, each member of a C Corporation consolidated group must file an actual Schedule M-3. The use of reports for Schedule M-3 is not allowed.
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