Pamme
Level 1

The book income on Sch M-1 is not showing the full loss including the Section 179 and then showing the Sec 179 as a book deduction not taken on the return.  Instead it is showing book income as NOT including the Sect 179 which is then making my balance sheet off by the amount of the Sect 179.

Is there a box to be checked somewhere or do I have to manually manipulate this?

 

0 Cheers
PhoebeRoberts
Level 11
Level 11

The last time I had that, I had to manually manipulate.

abctax55
Level 15

Lacerte doesn't handle this well (or, at all).

You need to override the entries, and leave yourself good notes for next year.

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