Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

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

G-dog
Level 2
 
0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

2 Comments 2
sjrcpa
Level 15

Should it be? What state?

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

0 Cheers