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Form 1120-Corporate

🔍 Form 1120-Corporate

This article explains what happens when you use the Trial Balance Worksheet with Form 1120S (including how SureFire handles calculated vs. manual entries) and how to restore or correct entries.

⚠️ Before You Begin

Before making changes, it helps to understand how SureFire treats:

  • Calculated (yellow) entries that come from the Trial Balance Worksheet
  • Manual entries you type directly on Form 1120S
  • Estimated (red) entries when manual data conflicts with Trial Balance data

🧩 What Happens When You Open the Trial Balance Worksheet

If you open the Trial Balance Worksheet but make no entries, when you return to Form 1120S, all the entries that would be calculated on the Trial Balance Worksheet are changed to calculated (yellow) entries.

❌ How to Restore Calculated Fields to Non-Calculated

  1. Delete the Trial Balance Sheet.
  2. Close the tax return.
  3. Reopen the tax return.

Also, if you make some entries directly on Form 1120S and then open the Trial Balance Worksheet, when you reopen Form 1120S your manual entries will be red, like entries that have been marked as Estimates.

🔁 When Manual Data and Trial Balance Data Transfer to the Same Entry

When there is manually entered data in an entry AND Trial Balance data transfers to the same entry, SureFire does two things:

  • Overrides Trial Balance data: SureFire allows the manually entered data to override the Trial Balance data. The entry is automatically marked as overridden.
  • Flags the entry as an Estimate: SureFire also flags the entry as an Estimate. The estimated status alerts you that there is a problem with the entry that prevents the form from being checked off as Complete.

🛠️ How to Un-Estimate and Allow Trial Balance Transfer

The entry will appear estimated (red background).

✅ Step-by-Step: Fix the Entry

  1. Step 1: Un-estimate the entry

    Press SHIFT+F3 to "un-estimate" the entry.

  2. Step 2: Allow Trial Balance data to transfer in

    Press SHIFT+F8 to allow the Trial Balance data to be transferred in.

  3. Step 3: Confirm the entry looks correct

    The entry should then look like a normal calculated entry (yellow text).

Note: The manually entered data will be lost.

💡 Recommended Workflow

We recommend that you complete the Trial Balance Worksheet before making income or deduction entries on Form 1120S.

📞 Still Need Help?

If you are having trouble, contact our support team:

Phone: 1-800-516-9442

Or submit a support ticket



Tags: federal,form
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