Schedule M-1 for Form 1120-S, Line 1
1

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, then click Corporation Info (on smaller devices, click in the top left corner of your screen, then click Basic Info).
  2. Continue with the interview process until you reach the screen titled Schedule M-3 Filing Requirement, and click the Checkbox next to File Schedule M-3 for this return.
  3. Click Federal, then click Corporations with Assets of $10 Million or More, and continue with the interview process to enter your information.