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Schedule M-1 vs M-2 in 1065

willatbird
Level 3

I have a complicated partnership return which is almost done BUT the Net income per books on the Schedule M-2 is not the same as the Net Income per books on the Schedule M-1. M-1 is correct. M-2 is excluding the depreciation adjustments on 4a and 7a on the M-1. Why? How do I fix it?

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2 Replies 2
George4Tacks
Level 15
willatbird
Level 3

Thanks for pointing me in the right direction. I had already checked the Recompute Sch M-2 box and forgotten about it. 

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