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Lacerte Diagnostics
Moderator
October 2, 2020

41105

  • October 2, 2020
  • 0 replies
  • 9 views

The following diagnostic is generating:

Schedule M-3, Part I, line 11 does not equal Schedule M-1, line 1.

Solution:

There are several reasons why the amounts on the Schedule M-1 and M-2 do not match for Net Income per Books. The most common reason is an override for the individual partners' capital account. 

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