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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
Level 2
I have selected "Yes," total receipts
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IntuitRebecca
Moderator
Moderator

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

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2 Comments 2
IntuitRebecca
Moderator
Moderator

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
Level 2

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