Drake Tax - 1120-S: Item F Total Assets

How to enter an amount in Box F, "Total Assets" on Form 1120-S

Item F is completed automatically by the software based on asset data entry in the return.

It is not required if the answer to Schedule B, question 11 Are the corporation's total receipts for the tax year less than $250,000 AND total assets at the end of the year less than $250,000? is Yes.

You can use the PRNT screen line Total Assets on 1120S, Page 1, Line F to override the total asset amount carried from Schedule L.