Drake Tax - 1120 - Schedules L, M-1, and M-2 Not Showing

Overview

If the corporation’s total receipts and the total assets on the balance sheet at the end of the tax year are both less than $250,000, Question 13 of the Schedule K is answered Yes and Schedules L, M1 and M2 are not required.

To force print Schedules L, M-1, and M-2, go to the PRNT screen and select Force Schedules G (1120-C), L, M-1, and M-2 to be printed.

Schedule L and M1 can also be forced by selecting Force-print Schedules L, M-1, M-2 on the L screen.