Schedule M-2 book/tax adjustments
UltraTax CS doesn't automatically transfer the Schedule M-1 book/tax differences to Schedule M-2 for the following:
- Depreciation
- Depletion (other than oil and gas)
- Amortization
- Organization or startup expense deduction
- 4797 gain or loss
- Tax accrual adjustment
- Rounding adjustment
If you want to include these adjustments on Schedule M-2 for S Corporations, go to the
Ms
screen in the Balance Sheet folder and enter the code A
, O
, or R
in the Carry book / tax difference to Schedule M-2
field.
