Why is the 1120-PC sub-consolidated Schedule M-3 information reporting on Schedule M-3, page 2, line 29a and 29b of the mixed group consolidated return?
The system will report the 1120-PC sub-consolidated Schedule M-3 information on Schedule M-3, page 2, lines 29a and 29b of the mixed group consolidated return, when the 1120-PC is not being generated in the 1120-PC sub-consolidated return and the 1120-PC is generated at the separate member level of the 1120-PC sub-consolidated return.
To correct the Schedule M-3 for the mixed group consolidated return:
- Select the 1120-PC sub-consolidated return from the return group.
- Create the 1120-PC.(See the note for instructions on how to create the 1120-PC.)
- Calculate the return.
- Select the mixed group consolidated return from the return group.
- Calculate the return.
Note: For instructions on how to create the 1120-PC using Worksheet View, click here. For instructions on how create the 1120-PC using Interview, click here.
Solution Id | 000190699/sw34390 |
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