Sub S Assets

[TFV]

Why does Pro Series ask you for Total Assets when your receipts are less than $250K and you check the box to suspend Sch L and M-1 calculations?

[Jim-from-Ohio]

The front page of the 1120S requires it.

[TFV]

That’s my point. If you’re not required to complete the balance sheet, why would you have to enter total assets??

[Jim-from-Ohio]

That was my point as well.  Total assets still show up on the front page of the 1120S, Box F.  Without fillng out the balance sheet, the amount of total assets has to be entered in the program to populate Box F.