Answered: On Form 1120, Schedule K - Line 13..."enter the total amount of cash distributions" it's defaulting to "None", how do I manually updated? Where is it on the Input Return?

bellerod · ‎05-19-2021

I have selected "Yes," total receipts

IntuitRebecca · ‎05-21-2021

Hi bellerod,

You can enter the amount of distributions on Balance Sheet > Schedule M-2. Entries for distributions should be made here even when the Sch. L/M-1/M-2 aren't required.

- Rebecca

View solution in original post

IntuitRebecca · ‎05-21-2021

Hi bellerod,

You can enter the amount of distributions on Balance Sheet > Schedule M-2. Entries for distributions should be made here even when the Sch. L/M-1/M-2 aren't required.

- Rebecca

bellerod · ‎06-22-2022

@IntuitRebecca sorry for the late response. Thank you! this was helpful.

On Form 1120, Schedule K - Line 13..."enter the total amount of cash distributions" it's defaulting to "None", how do I manually updated? Where is it on the Input Return?

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