RCT1
Level 1

in an 1120S, the line 1 on the M-1, the book income does not tie to my books, by the same amount of the adjustment from the COGS difference in beginning and ending inventory. what do I need to do to get the return to tie to my books on the M1?

0 Cheers
sjrcpa
Level 15

Jiggle the purchases number in COGS til it comes out right.


The more I know the more I don’t know.