Generate a statement for Form 1120 Line 26 in ProConnect Tax

Per IRS instructions, ProConnect Tax generates a statement for Form 1120, line 26, listing all allowable deductions that aren't deductible elsewhere on the form.

To generate a statement for line 26:

1. Go to Input Return ⮕ Deductions ⮕ Deductions.
2. In the field Other (Click to expand) enter the deduction type and amounts.
3. The deductions will be listed on the statement Form 1120, Line 26 Other Deductions.