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Completing Schedule M-3 Part I only and Schedule M-1 in ProConnect Tax

SOLVEDby IntuitUpdated August 15, 2023

How do I indicate in ProConnect Tax to complete Schedule M-3, Part I only and Schedule M-1 per the new form instructions?

Corporate

  1. Go to Input Return Balance Sheet Schedule M-1, M-3.
  2. Select the Schedule M-3 tab.
  3. Enter a 1 in, Complete Schedule M-3, page 1 and Schedule M-1 when eligible: 1= yes, 2= no [O].

Partnership

  1. Go to Input Return Balance Sheet, M-1, M-2 Schedule M-1, M-3.
  2. Select the Schedule M-3 tab.
  3. Enter a 1 in, Complete Schedule M-3, page 1 and Schedule M-1 when eligible: 1= yes, 2= no [O].

S Corporate

  1. Go to Input Return Balance Sheet, M-1, M-2, M-3 Schedule M-1, M-3.
  2. Select the Schedule M-3 tab.
  3. Enter a 1 in, Complete Schedule M-3, page 1 and Schedule M-1 when eligible: 1= yes, 2= no [O].

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