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How to enter distributions from a corporation for Schedule M-2 (Form 1120)

SOLVEDby IntuitLacerte Tax6Updated July 12, 2022

Follow these steps to enter distributions (cash, stock, and property):

  1. Go to Screen 40, Schedule M-2.
  2. In the Other Decreases subsection, enter the amounts in these fields:
    • Cash distributions
    • Stock distributions
    • Property distributions
    • Other (Ctrl+E)

  3. View the Schedule M-2 on Form 1120 on the Forms tab.

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