Troubleshoot Schedule K adjustment not showing

If you enter an adjustment for Schedule K on the
Ms
screen in the Balance Sheet folder and it doesn't transfer to Schedule K, the 1120S return is likely creating a Schedule M-3 instead of a Schedule M-1. If so, make the adjustment on the
MS3-2
screen in the Book/Tax Differences section. UltraTax CS only transfers tax-exempt interest income, meals and entertainment, and reduction to expense items for current year tax credits to Schedule K.
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