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12362: 1065/1120/1120S - Source of the M-1 Line 1


1120 Corporate

In an 1120, 1120S or 1065, where does the amount on line 1 of the M-1 come from?

The Schedule M-1 in the program is calculated in reverse of the sequence on the form, so that the figure on line 1 of the M-1 is calculated as follows:

1065:

Income from Analysis of Net Income, page 5, line 1 of the return
plus lines 6 and 7
less lines 2 through 4

1120:

Income from page 1, line 28 of the return
plus amounts reported on lines 7 and 8
less amounts reported on lines 2 through 5.

1120S:

Income from Sch. K, line 18 of the return
plus lines 5 and 6
less lines 2 and 3.


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