Common questions about the Schedule M-1 and M-3 (1120S) in Lacerte

The Schedules M-1 and M-3 are used to reconcile book and tax income.  Refer to the following information to help with Screen 31, Schedule M-1, M3 questions:

• How to enter PPP loans and EIDL grants in Lacerte
• Entering and Calculating the Schedule M-1 in Lacerte
• Completing Schedule M-3 Part I Only and Schedule M-1
• Information about Schedule M-3
• Generating or Suppressing Schedule M-3
• Entering Tax Exempt Income for an S Corporation