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S-Corporation Schedule M-2 Frequently Asked Questions

by Intuit• Updated 3 years ago

Description

Use Schedule M-2 for the accumulated adjustments account on a S-Corporation.  Refer to the following information to help with Screen 32, Schedule M-2 questions:

  • Entering Information for the Accumulated Adjustments Account for an S-Corporation
  • S Corporate Diagnostic Total Allocation Factor for the Shareholders Not Equal to 100% (Ref. #25213)
  • Understanding how Lacerte calculates S-Corporate AAA distributions
  • Final Year S-Corporation Return and Negative AAA / Retained Earnings
Lacerte Tax

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