- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Final accumulated adjustments account balance in an S corp
On Form 1120-S under Schedule M-2 there is an accumulated adjustments account (column a). Can someone please confirm if the balance in this account should be zero on the final S corp return when the business is being dissolved? There are no figures in columns b, c, or d on this form in the return I am referencing. Thanks.
March 21, 2023
10:06 PM