AliciaP1
Expert Alumni

Business & farm

You are looking at "Form 1120S p3-5" which starts with Schedule B line 12.  look higher up the menu on the left and you will see "Form 1120S p1-2" which ends with Schedule B line 11.

 

The requirement is if your assets are more than $250,000 and/or your total receipts were more than $250,000, you must report Schedule L, M-1, and the Balance Sheet.

 

@PTGeek

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