Force Schedule L calculations under $250,000

You'll need to force calculations for Schedule L for S and C corporations when total assets are less than $250,000.
UltraTax CS doesn't calculate Schedule L automatically if the total receipts for the tax year and year-end total assets are less than $250,000. You can force Schedule L to calculate these assets.
Go to
Setup
,
1120 Corporation
,
Federal
tab,
Other Return Options
, then
Return Presentation
tab.
Select
Complete Schedule L when receipts and assets are less than $250,000
.
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