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How do I enter net income per books for C Corp so it flows through to M-1?

 
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3 Comments 3
abctax55
Level 15

You don't.

That amount populates FROM all the entries you do for income, expenses, non-deductible expenses, etc.

HumanKind... Be Both

But isn't line 1 supposed to be my NI per books?  I adjust in the lines below, correct? 

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abctax55
Level 15

Yes... but if you enter all the other numbers, correctly, from your trial balance it WILL match.

The adjustments below flow automatically as appropriate.

HumanKind... Be Both