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On Form 1120-S U.S. Income Tax Return for an S Corporation, Line 1 of the Schedule M-1 pulls from Line 11 of the Schedule M-3.

To populate this form:

  1. From within your TaxAct return (Online or Desktop), click Basic Info to expand, then click Corporation Info. On smaller devices, click in the upper left-hand corner, then click Basic Info.
  2. Continue with the interview process to enter all of the appropriate information.
  3. On the screen titled Schedule M-3 Filing Requirement, check File Schedule M-3 for this return, then click Continue.
  4. Click Federal on the left, then click Corporations with Assets of $10 Million or More in the Federal Quick Q&A Topics menu.
  5. Continue with the interview process to enter all of the appropriate information.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.


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