Description
Use Schedule M-2 for the accumulated adjustments account on a S-Corporation. Refer to the following information to help with Screen 32, Schedule M-2 questions:
- Entering Information for the Accumulated Adjustments Account for an S-Corporation
- S Corporate Diagnostic Total Allocation Factor for the Shareholders Not Equal to 100% (Ref. #25213)
- Understanding how Lacerte calculates S-Corporate AAA distributions
- Final Year S-Corporation Return and Negative AAA / Retained Earnings
