Re: Form 1120S Total Assets line when Schedule L is suppressed - why does it still show an error and require total assets, page 1, line f?

JohnCPA1 · ‎03-08-2023

I know how to suppress Schedule L and M-1 since assets and receipts are less than $250,000, and I have done so for a form 1120S. But the software still requires a value for total assets and shows an error - why? And how to suppress this requirement since a balance sheet is not required.

Any suggestions?

dd4vols · ‎03-08-2023

Are you confusing the requirements for the 1065 with the requirements for a 1120S?

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