Screen M3PC-2 - Income (Loss) Items When Assets More Than $10 Million (1120)

Income (Loss) Items

If Form(s) 8886 are completed for reportable transactions, the forms have been sequentially numbered by the application (see Form 8886, line A). In this case, enter the transaction number of the reportable transaction in the Form 8886 Number column of the statement dialog and enter the related income / loss amounts as required.
If this field is left blank, the application calculates the difference between the income (loss) on Form 1120-PC, Schedule A, line 35 and Schedule M-3, Part II, line 30, column (d), and enters an adjustment on Schedule M-3, Part II, line 28, columns (a) and (d) for the difference. Enter the total of income (loss) items for which there is no difference between the book and tax amounts.
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close