Drake Tax - Business Balance Sheet, Income Reconciliation Not Flowing to State

Article #: 11443

Last Updated: October 21, 2024

 


Tags: Drake TaxM1K1M21120S

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Federal balance sheet or income reconciliation information not flowing to the state return

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