SCorp wrote:

- quote -

Hmmmm.. sounds like not a large business enterprise. Are
you sure you even have to complete a schedule M-2 Or
balance sheets?

Look on page 2 for a burning question about half way down
the page.

ChEAr$,
Harlan Lunsford, EA n LA
Tue 21 Mar 2005 [at] hh

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I have $2199 of profits which I distributed in Dec. and $801
of non-deductible expenses (meals & ent.).

All is reported properly on the K-1.

When I fill in Sched M-2, I can account for the
distribution, but how do I account for the $801 of
non-deductible expenses?

As it stands, the $801 shows up as a balance.

Thanks for your help.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >