Drake Tax - 1120: EF Message 0123
Article #: 11645
Last Updated: December 05, 2024
How to resolve EF Message 0123 on a final year corporate return
When an 1120 is marked as a final year return, the software forces a zero on line 8 of the M-2.
To balance the Schedule M-2, enter a liquidating adjustment amount on line 3 (Increases other than net income per books) or line 6 (Other decreases) on screen M2.