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Federal input screens

Screen L - Balance Sheet (1120)

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Assets

Complete Schedule L when not required
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.
note
Schedule L always calculates for 1120-F, 1120-IC-DISC, 1120-PC, 1120-REIT, and 1120-SF filers.

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