1120: Multistate Consolidations

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A consolidation consists of a Top Consolidation and/or a Subconsolidation return that holds the combined results of:

• Parent, Subconsolidation(s), or Divisional Consolidation
• Elimination Return
• Subsidiaries/Divisions

When preparing and processing an 1120 consolidation, you will be dealing with some or all of the following types of returns:

• Parent return
• Top consolidation return
• Elimination return
• Subconsolidation return
• Subsidiary/division returns
• Divisional consolidation

Topics

• 1120: Multistate Consolidations Process Chart
• 1120: Multistate Consolidations - State Setup
• 1120: Multistate Consolidations - Creating Multistate Entries in the TopCon
• 1120: Multistate Consolidations - Parent/Subsidiaries Common State Entries
• 1120: Multistate Consolidations - State-Specific Information
• 1120: Multistate Consolidation - State Consolidation Returns
• 1120: Multistate Consolidation Finishing Steps
• 1120: Multistate Consolidations Review
• 1120: Multistate Consolidation Tips

 

 

 

Tutorials/1120_multistate_cons_intro.htm/TY2019

Last Modified: 03/19/2020

Last System Build: 06/18/2021

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