Nevermind. I fugured out after going to form entries, if I doubleclick on schedule M2 line 1, it takes to 1120s page 3-5 where I can update this. Thanks
Election can be made under Federal Taxes->Other tab. and I have already made the election. So my question is not related to how to make this election. Once this...
Thanks. Is my understanding correct that its not limited by s-corp net income/loss. Although s-corp has loss, this can be still be expense under "Other deductio...
