Knowledge Base

11443: Business Balance Sheet, Income Reconciliation Not Flowing to State

Fed Returns Generally

Why doesn't the federal balance sheet or income reconciliation information flow to the state return in the corporate, S corporate or partnership returns?

If the balance sheet (Schedule L) is not required for federal purposes, no information is available for the state to pick up.

If you want Schedule L to show, go to the PRNT screen and

  • 1120 – select Force Schedules L, M-1, and M-2 to print
  • 1120S – select Force-print Schedules L and M-1
  • 1065 – select Force Schedules L, M-1, M-2, & K-1 Section L.

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