Drake Tax - 1120: EF Message 0123

Article #: 11645

Last Updated: December 05, 2024

 


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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.