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On Form 1120, Schedule K - Line 13..."enter the total amount of cash distributions" it's defaulting to "None", how do I manually updated? Where is it on the Input Return?
I have selected "Yes," total receipts
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Hi bellerod,
You can enter the amount of distributions on Balance Sheet > Schedule M-2. Entries for distributions should be made here even when the Sch. L/M-1/M-2 aren't required.
- Rebecca
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