ProConnect HelpIntuit HelpIntuit

How to enter distributions from a corporation for Schedule M-2 (Form 1120) in Lacerte

SOLVEDby Intuit10Updated July 20, 2023

Follow these steps to enter distributions (cash, stock, and property):

  1. Go to Screen 40, Schedule M-2.
  2. In the Other Decreases subsection, enter the amounts in these fields:
    • Cash distributions
    • Stock distributions
    • Property distributions
    • Other (Ctrl+E)

  3. View the Schedule M-2 on Form 1120 on the Forms tab.

Was this helpful?

You must sign in to vote, reply, or post
Lacerte Tax

Sign in for the best experience

Ask questions, get answers, and join our large community of Intuit Accountants users.

Dynamic AdsDynamic Ads