Answered: It is not really a consolidated return. Using your trial...

fs832701 · ‎12-07-2019

Parent company is a Subcharter S Corp as well

sjrcpa · ‎12-07-2019

It is not really a consolidated return.

Using your trial balance software (or Excel but I hope not) consolidate the trial balances of all the S Corps - parent and QSUBs. The consolidated/combined amounts go on the 1120S.

The more I know, the more I don't know.

View solution in original post

sjrcpa · ‎12-07-2019

It is not really a consolidated return.

Using your trial balance software (or Excel but I hope not) consolidate the trial balances of all the S Corps - parent and QSUBs. The consolidated/combined amounts go on the 1120S.

The more I know, the more I don't know.

How do I prepare a consolidated federal tax return for a Qualified Subcharter S Group of Subdidiares?

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