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Dr. Fiona Chen
Dr. Fiona Chen, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 398
Experience:  Former IRS Revenue Agent
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I need help with sch l balance on 1120s

Customer Question

I need help with sch l balance on 1120s
Submitted: 5 months ago.
Category: Tax
Customer: replied 5 months ago.
My starting cash was -436 ending cash 40623. K1 profit 41059 with a 25,000 distribution . I need numbers for line 24 on sch L to balance
Expert:  Dr. Fiona Chen replied 5 months ago.

Dear Customer,

Please see the enclosed draft Schedules L, M1, M2 and their numbers.

Please feel free to follow up.


Fiona Chen, MPA, Ph.D., CPA, ABV, CFF, CITP