Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Form 1120S Total Assets line when Schedule L is suppressed - why does it still show an error and require total assets, page 1, line f?
Form 1120S Total Assets line when Schedule L is suppressed - why does it still show an error and require total assets, page 1, line f?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
JohnCPA1
Level 1
03-08-2023
07:10 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I know how to suppress Schedule L and M-1 since assets and receipts are less than $250,000, and I have done so for a form 1120S. But the software still requires a value for total assets and shows an error - why? And how to suppress this requirement since a balance sheet is not required.
Any suggestions?
Labels
1 Comment 1
dd4vols
Level 10
03-08-2023
08:12 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Are you confusing the requirements for the 1065 with the requirements for a 1120S?
If an answer solves your issue, click on the "Accept as Solution" button! Makes it easier for people to find answers to similar questions that have already been posted.
