Knowledge Base

11543: 1120S - Shareholder Distributions

1120S Sub S Corporate

Where do I enter shareholder distributions?

Shareholder distributions keyed on the DIST screen flow automatically to Schedule K, Line 16d, Schedule M-2, and the Schedules K-1 for the shareholders based on each shareholders prorata share of the corporation.

The data entry fields on the Schedule M-2 and Schedule K-1 screens are overrides, but for the Schedule M-2 the program will only allow an amount up to any positive amount in line 6.

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