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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: 1 year ago.Category: Tax
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Customer reply replied 1 year 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
Answered in 50 minutes by:
9/12/2016
Tax Professional: Dr. Fiona Chen, Certified Public Accountant (CPA) replied 1 year ago
Dr. Fiona Chen
Dr. Fiona Chen, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 482
Experience: Former IRS Revenue Agent
Verified

Dear Customer,

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

Please feel free to follow up.

Regards,

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

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Dr. Fiona Chen
Dr. Fiona Chen
Dr. Fiona Chen, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 482
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Experience: Former IRS Revenue Agent

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