PhoebeRoberts
Level 11
Level 11

I believe that a change of accounting for financial statement purposes has no impact on your accounting method for income tax purposes. 

Assuming Schedule L is book basis, you just have Schedule M adjustments. I usually run a restatement to prior year through the current year Schedule M as a Prior Period Adjustment, but that's because I like the beginning for one year to match the ending of the previous year.

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