On the 1120S is there currently an issue with Meals 50% non deductible amount for 2023 not being automatically added as an adjustment to the M1? Lacerte shows the 50% portion that is deductible on the 1120S, but does not add it back on M1.
THis needs to be fixed. I've been using Lacerte for 34 years, and I'm positive I've put the meals deduction on the correct line, so this has got to be a Lacerte issue.
Working fine for me. Note that it continues to be reported on Line 3B Travel and Entertainment on the M-1.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.