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

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.