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Completing Schedule M-3 Part I only and Schedule M-1 in Lacerte
by Intuit• Updated 7 months ago
How do I indicate in Lacerte to complete Schedule M-3, Part I only and Schedule M-1 per the new form instructions?
Corporate
Solution 1
To set the option in the Corporate module for all clients:
- Click on Settings.
- Click on Options.
- Select the Tax Return tab.
- Scroll down to the Federal Tax Options section.
- Locate the option Complete Sch M-3, Page 1, and Sch M-1 When Eligible.
- Select Yes from the drop down menu.
Solution 2
To set the option in the Corporate module for a specific client:
- Go to Screen 39.2, Schedule M-3.
- Enter a 1 in, Complete Schedule M-3, page 1 and Schedule M-1 when eligible: 1= yes, 2= no [O].
Partnership
Solution 1
To set the option in the Partnership module for all clients:
- Click on Settings.
- Click on Options.
- Select the Tax Return tab.
- Scroll down to the Federal Tax Options section.
- Locate the option Complete Sch M-3, Page 1, and Sch M-1 When Eligible.
- Select Yes from the drop down menu.
Solution 2
To set the option in the Partnership module for a specific client:
- Go to Screen 27.2, Schedule M-3.
- Enter a 1 in, Complete Schedule M-3, page 1 and Schedule M-1 when eligible: 1= yes, 2= no [O].
S Corporate
Solution 1
To set the option in the S Corporate module for all clients:
- Click on Settings.
- Click on Options.
- Select the Tax Return tab.
- Scroll down to the Federal Tax Options section.
- Locate the option Complete Sch M-3, Page 1, and Sch M-1 When Eligible.
- Select Yes from the drop down menu.
Solution 2
To set the option in the S Corporate module for a specific client:
- Go to Screen 31.2, Schedule M-3.
- Enter a 1 in, Complete Schedule M-3, page 1 and Schedule M-1 when eligible: 1= yes, 2= no [O].