M-1
What is the M-1 used for?
What is to show book-tax differences of the income.
Schedule M-2 is a recap of what?
What is the Partner's Capital accounts?
What does the acronym LLC stand for?
What is Limited Liability Corporation?
In interview, where is line 18 of 1065, pg 1 entered?
What is A-3, box 153?
What government form is used to report depreciation and amortization?
What is the 4562?
What line on the M-1 shows book income?
What is M-1 line 1?
How does the software arrive at the amount on the Schedule M-2 line 3?
What is It pulls from the M-1 line 9?
What type of partner has their liability limited to what they have contributed to the partnership?
What is Limited Partner?
The net gain or loss on 1065, pg 1, line 6 comes from what line on the 4797?
What is line 17?
The life for an amortized asset is entered as what?
What is Months?
Where does the amount on the M-1 line 9 come from?
What is the analysis of net income on 1065 page 6 line 1?
In Interview, where can you override the Schedule M-2 line 3?
What is ML-1 box 30?
When are 1065 returns due?
What is the 15th day of the 3rd month after the year end date?
In interview, where is the state and city tax accrual option located?
What is Form 2, box 101?
In interview, where do you lock the depreciation calculation?
What is DP-9, box 47?
True or False? With the exception of a few items, most adjustments on the Sch M-1 will need to be entered manually.
What is True?
In worksheet view, where can you prevent guaranteed payments from flowing to the M-2 line 7 as a decrease?
What is Partners>General options>Schedule K-1 calculation options>Line 26?
What shortcut key will pull up the cross-reference?
What is F1?
Will a statement be created automatically if there is an amount on 1065, pg 1, line 20?
What is Yes?
In worksheet view, where can you enter the Section 179 amount you want to take for a business asset?
What is Income/Deductions>Business>Other Depreciation and Amortization>Detail, line 10.
In interview, what override input can be used for Sch M-1, line 7a?
What is L-3, box 72?
On interview form K-3, what class code would you need to use to get an amount to flow to the line 4 of the M-2?
What is ICR?
Where are the fiscal dates entered in interview?
What is interview form 1 boxes 60 and 61?
In worksheet view, where do you enter the guaranteed payments on 1065, pg 1, line 10?
What is Income/Deductions>Business>Deductions, line 3?
In worksheet view, where can you enter the override for 4562, line 11?
What is General>Depreciation/Depletion Options and Overrides>Depreciation Options and Overrides, line 29.