Screen L - Balance Sheet (1120)

Assets

Schedule L calculates automatically if total receipts and total assets at the end of the year are more than $250,000. Enter
X
in this field if total receipts and year-end assets are less than $250,000, and you want to calculate Schedule L.
This field won't be available if you've set the option to
Complete Schedule L when receipts and assets are less than $250,000
for all clients. This global option to turn on or off is in
Setup
>
1120 Corporation
>
Federal
tab >
Other Return Options
>
Return Presentation
tab.
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