Calculate Schedule L

Follow these steps if total receipts are less than $250,000. This includes receipts for the year and year-end assets. You'll need to complete these steps if you want UltraTax CS to calculate Schedule L when receipts and assets are less than $250,000.
  1. Select
    Setup
    , then
    1120 Corporation
    .
  2. In the
    Federal
    tab, select
    Other Return Options
    .
  3. In the
    Return Presentation
    tab, mark
    Complete Schedule L when receipts and assets are less than $250,000
    .
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