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Dr. Fiona Chen
Dr. Fiona Chen, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 482
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: 10 months ago.
Category: Tax
Customer: replied 10 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 10 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