Solved

Where do I enter additional paid in capital on an s-corp return. I see where it goes on schedule L; but, does it also go on schedule M-1 or M-2

Forum|Forum|7 years ago
June 1, 2019
1 reply
0 views

No text available

TurboTax Business Windows

Best answer by RichardK

Additional paid in capital (APIC), does not go on either Schedule M-1, or Schedule M-2.

Schedule M-1 is a reconciliation of book income or loss to tax income or loss, and APIC does not affect income.

Schedule M-2 is the S corporation's version of the C corporations retained earnings, again not impacted by APIC.

R

RichardKAnswer

Employee

Additional paid in capital (APIC), does not go on either Schedule M-1, or Schedule M-2.

Schedule M-1 is a reconciliation of book income or loss to tax income or loss, and APIC does not affect income.

Schedule M-2 is the S corporation's version of the C corporations retained earnings, again not impacted by APIC.

S

sales2

Might I ask then why there is a field for Additional Paid-in Capital on in TurboTax Business desktop for this within the Balance Sheet section? If I contributed $800 to the business as a shareholder equity investment, should I not declare that somewhere within the 1120-S ?