THE FORM1020S BALANCE SHEET IS PRESENTED ON WHAT SCHEDULESol

THE FORM1020S BALANCE SHEET IS PRESENTED ON WHAT SCHEDULE?

Solution

Form 1020S is used to report the income, gains, losses, and other such details for an S corporation.

The balance sheet is presented on schedule L. Schedule L has different columns for amounts pertaining to beginning of the tax year and amounts pertaining to end of the tax year.