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Alabama

Schedule PCL print requirements

To print, calculate, or suppress Schedule PCL, Alabama Pass-Through Entity Composite Return List:
  1. Go to
    Organizer
    ,
    States
    ,
    State and City Activation
     folder.
  2. Select
    State and City Activation
    . In Alabama row, select
    Column F Financial Return
    .
  3. Go to
    State Financial
    ,
    Alabama Financial
    folder.
  4. Select
    Consolidated Return Information
    , then go to
    Consolidated Parent Company Loss Allocation
     (top consolidation only) section.
  5. Select
    Print PCL and Consolidated parent company loss from loss parent's ET-1, line 15
     (enter as negative),
    Subsidiaries total combined assets
     (enter as positive), and
    Consolidated loss from ET-1C, line 1
    . After entering these amounts at the TopCon, press the three corresponding
    Transfer to P & S
     buttons.
  6. At TopCon, go to
    Organizer
    ,
    Consolidated returns
     folder, Select
    Step 1 - What to Consolidate
    .
  7. Go to
    Consolidated Returns List
    , select
    Subsidiary Listing Complete
     button.
  8. Go to
    Step 4 - Review Preconsol Checklist
    , select
    Out of Balance Compute Pending
    , select
    Compute All Subsidiaries Now
     button.
  9. Select
    Step - 5 Consolidate
    , select
    Consolidate
     button.
  10. Do a full recompute and refresh the print.
  11. If necessary, delete previously transferred data for Alabama at
    Organizer
    ,
    States
    ,
    State Combined
     returns folder.
  12. Select
    State Consolidation Steps
    ,
    Line 6 Delete previously transferred state data
    , Choose
    Alabama
    .
  13. Reconsolidate, recompute, and refresh the print.

This article applies to:

  • PRODUCT: GoSystem Tax RS
  • Return type: 1120 Corporation
  • State: Alabama
  • Subject: Print requirements

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