G-dog
Level 2
 
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sjrcpa
Level 15

Should it be? What state?


The more I know the more I don’t know.
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G-dog
Level 2

The state is CA.  On other tax software used, the M-1 schedules are identical but you can make changes on the state for specific items.  In my situation, I have partnership that receives a K-1.  The state rental income and nondeductible expenses are different from federal.  This difference is reported on CA's Sch M-1.  Therefore it's making my balance sheet to be out of balance.  There should be an option to make the Sch M-1 for state and Federal be identical.

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