topic Schedule m-2 on 1120-S in Get your taxes done using TurboTax

Schedule m-2 on 1120-S

janicebrown — Mon, 23 Feb 2026 13:04:09 GMT

I am attempting to enter the information for schedule M-2. I want to add a sum for section c - accumulated earnings and profits. However, where do I find the field to add this infomation? I only find the other options, which are accumulated adjustments, shareholders income, and other adjustments. How can I enter the info for accumulated earnings?

thank you,

J B

Re: Schedule m-2 on 1120-S

Anonymous_ — Wed, 08 Feb 2023 02:47:27 GMT

See https://www.irs.gov/instructions/i1120s#en_US_2021_publink11515kd0e7032

Re: Schedule m-2 on 1120-S

Anonymous_ — Wed, 08 Feb 2023 02:48:19 GMT

Re: Schedule m-2 on 1120-S

AliciaP1 — Wed, 08 Feb 2023 16:32:14 GMT

While you normally don't need to make changes to your Accumulated Earnings (column c) on your Schedule M-2, you can do this in TurboTax Business by following these steps:

Within your tax return, use the Forms icon at the upper right to switch to Forms mode
Select Form 1120S p3-5 on the left-hand menu
Scroll down to the bottom of the pages and enter your information directly into the column c boxes you need.

@janicebrown

Re: Schedule m-2 on 1120-S

Anonymous_ — Wed, 08 Feb 2023 16:35:55 GMT

@janicebrown wrote:

I only find the other options, which are accumulated adjustments, shareholders income, and other adjustments. How can I enter the info for accumulated earnings?

There is no input for the field to which you are referring (column c) as shown in the screenshot from an actual 1120-S. The adjustments would be entered in column a.

Re: Schedule m-2 on 1120-S

janicebrown — Wed, 15 Feb 2023 19:12:26 GMT

Thank you Alicia! That was exactly what I was looking for.