Common questions about the Corporate Schedule M-1 in Lacerte

Use Screen 39.1, Schedule M-1 (Book-Tax Adj.) to make entries for the Schedule M-1. Fields that contain [O] are overrides of an automatic calculation.

Entering Officer Life Insurance Premiums on a Corporate Return

1. Go to Screen 39.1, Schedule M-1.
2. Scroll to the Expenses Recorded on Books not Included on this Return section.
3. Enter the amount in Officer life insurance premiums (input sheet code 118).

This amount will be included on Schedule M-1, line 5d and print a supporting statement.

Click the links below to see solutions for other frequently asked questions concerning corporate Schedule M-1.

• Entering and Calculating the Schedule M-1 in Lacerte
• Entering Accrued Taxes for Form 1120 / 1120S Corporations