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    How to have the state schedule M-1 identical to federal Schedule M-1?

    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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