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This article applies to:

  • Product: ONESOURCE Income Tax
  • Return type: 1120 Corporation
  • Subject: Print requirements

Reconciliation of schedule L and schedule M-2 print requirements

Reconciliation of Schedules L and M-2 prints when Adjusting items and/or Other reconciling items are present.
To view the reconciliation of Schedule L retained earnings with Schedule M-2 ending balances:
  1. Go to
    Tax Forms
    Federal
    1120-S - US Corporation Inc. Tax Return
    1120-S - US Corporation Inc. Tax Return
    Page 5 tab
    .
  2. Select the
    Reconciliation of Schedules L and M-2
     hyperlink for Schedule M-2.
To print the Reconciliation of Schedules L and M-2:
  1. Go to
    Organizer
    Balance Sheet/M1-M2 -M3
    Schedule M1 / M2
    M2 & L Reconciliation tab
     .
  2. Enter
    Adjusting items and/or Other reconciling items
    . If these are zero, enter
    NONE
     to force print the reconciliation.
  3. For consolidated returns
    1. Go to
      Organizer
      Consolidated Returns
      Step 3 - Select Print Options
      Form Print Options
      .
    2. Select
      Print Schedule L M-2 Reconciliation details from each member in the consolidated group
      .
  4. Do a full recompute, then print.
If the form doesn't print, check if it's suppressed:
  1. Go to
    Organizer
    General Information
    Return and Print Options
    Pg 1-5 Options tab
    .
  2. Make sure the suppress option
    Reconciliation of Schedules L and M-2
     in the
    Other Federal Schedules
     section is clear.
  3. Do a full recompute, then print.

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