1120-US: Specifying items to transfer from an 1120 S Corporation Schedule M-3 to Schedule M-2 (FAQ)

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Question

How do I specify which items transfer from an 1120 S Corporation Schedule M-3 to Schedule M-2?

Answer

Because Schedule M-3 is much more detailed than Schedule M-1, UltraTax CS does not automatically transfer the temporary and permanent differences shown on Schedule M-3 to Schedule M-2.

Select a code from the fieldview in the Sch M-2 column in the statement dialogs for the applicable fields in Screen M3S-2, in the Book / Tax Differences section.


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1120-US: Schedule M-3 FAQs

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