Suppress the Balance Sheet (Schedule L) and M-1 for an S Corporation Return in Lacerte

How do I suppress the Schedule L and M-1 for an S-corporate return?

To turn off the Schedule L and M-1 for an S Corporation:

1. Go to Screen 3.1, Miscellaneous Information.
2. Scroll to the section Other Information (Schedule B).
3. Enter a 1 in the field Total Receipts and Total Assets at End of Year are Less Than $250,000: 1 =Yes, 2 =No [O].

If the balance sheet and M-1 are still generating:

1. Go to Settings on your menu bar.
2. Click Options.
3. Select the Tax Return tab.
4. Scroll to Federal Tax Options section.
5. Verify whether Schedule L and M-1 is set to Force.
6. If yes, click the down arrow and choose When Applicable.
7. Click OK to save your changes and exit Options.

It's important to note that an entry on Screen 30, Balance Sheet Miscellaneous in the field Schedules L and M-1: 1=force, 2=when applicable [O] will override the input in Screen 3.1. Verify that field is empty.