Hi as a follow up to your previous response. I have an EIDL grant that needs to be reported as excluded from taxable income income. All is good and balanced until I enter this amount in the worksheet. Entering it on Schedule M1 worksheet under 'other permanent income items - per books' creates an auto fill to Form 1120S 16 'other tax exempt income smart worksheet' but no total in 16b. There is a caution note - 'if you are using schedule m1 items worksheet enter any other tax exempt income there not below' - this is what I am doing but its causing an out of balance error by the amount of the entry. I've tried entering it numerous ways, including entering it first on 1120S but cant figure out where the additional entry is needed to allow it to balance.
