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I've always completed Schedule M2 for my S Corp, even though assets/rev,$250k. IRS guidelines do not state that M2 does not need to be filed. TT skips M1 & M2. Why so?
This is my first year using TT for Business. I've used a CPA, and then HR Block. CPAs (and the IRS guidelines for completing the 1120s) gave me the impression that the M2 can't be skipped. Even if your assets and revenues are less than $250k. Am I not understanding this correctly? I know I can skip Schedule L, but M2?
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May 31, 2019
7:07 PM