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Business & farm
Additional paid in capital (APIC), does not go on either Schedule M-1, or Schedule M-2.
Schedule M-1 is a reconciliation of book income or loss to tax income or loss, and APIC does not affect income.
Schedule M-2 is the S corporation's
version of the C corporations retained earnings, again not impacted by APIC.
May 31, 2019
11:52 PM