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Level 1
November 30, 2021
Question

ProSeries 20 1120S tax return problem

  • November 30, 2021
  • 1 reply
  • 5 views

I am having trouble with one return where the income from page 1 is not populating in the M-2 schedule, and then the retained earnings are not populating in the balance sheet on page 6.  I have tried EVERYTHING!!  There is only one error in the return and it's the fact that the balance sheet doesn't balance.  

I'm open to any information or suggestions!!  I need to get this return filed.

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1 reply

dkh
Level 15
December 1, 2021

Are the two boxes at top of Schedule M2   checked yes ?   One is for computing Sched M2 the other is for populating retained earnings