Schedule M-3 (Form 1120-L) 2019
Page 2
Name of corporation (common parent, if consolidated return) Employer identification number
Check applicable box(es): (1) Consolidated group (2) Parent corp (3) Consolidated eliminations (4) Subsidiary corp (5) Mixed 1120/L/PC group
Check if a sub-consolidated: (6)
1120-L group (7) 1120-L eliminations
Name of subsidiary (if consolidated return) Employer identification number
Part II
Reconciliation of Net Income (Loss) per Income Statement of Includible Corporations With Taxable
Income per Return (see instructions)
Income (Loss) Items
(Attach statements for lines 1 through 11)
(a)
Income (Loss) per
Income Statement
(b)
Temporary
Difference
(c)
Permanent
Difference
(d)
Income (Loss) per
Tax Return
1
Income (loss) from equity method foreign corporations
2 Gross foreign dividends not previously taxed . . .
3 Subpart F, QEF, and similar income inclusions . .
4 Gross-up for foreign taxes deemed paid . . . .
5 Gross foreign distributions previously taxed . . .
6
Income (loss) from equity method U.S. corporations . .
7 U.S. dividends not eliminated in tax consolidation .
8 Minority interest for includible corporations . . . .
9 Income (loss) from U.S. partnerships . . . . . .
10 Income (loss) from foreign partnerships . . . . .
11 Income (loss) from other pass-through entities . .
12 Items relating to reportable transactions (attach
statement) . . . . . . . . . . . . . .
13 Interest income (attach Form 8916-A) . . . . .
14 Accrual of bond discount . . . . . . . . .
15 Hedging transactions . . . . . . . . . . .
16 Mark-to-market income (loss) . . . . . . . .
17 Deferred and uncollected premiums . . . . . .
18 Sale versus lease (for sellers and/or lessors) . . .
19 Section 481(a) adjustments . . . . . . . . .
20 Amortization of interest maintenance reserve . . .
21 Original issue discount and other imputed interest .
22 Market discount reclassification . . . . . . .
23a
Income statement gain/loss on sale, exchange,
abandonment, worthlessness, or other disposition of
assets other than pass-through entities . . . . .
b Gross capital gains from Schedule D, excluding
amounts from pass-through entities . . . . . .
c
Gross capital losses from Schedule D, excluding
amounts from pass-through entities, abandonment
losses, and worthless stock losses . . . . . .
d
Net gain/loss reported on Form 4797, line 17,
excluding amounts from pass-through entities,
abandonment losses, and worthless stock losses .
e Abandonment losses . . . . . . . . . . .
f Worthless stock losses (attach statement) . . . .
g Other gain/loss on disposition of assets . . . . .
24 Capital loss limitation and carryforward used . . .
25
Other income (loss) items with differences (attach statement)
26
Total income (loss) items. Combine lines 1 through 25
27
Total expense/deduction items (from Part III, line 40)
28 Other items with no differences . . . . . . .
29a Mixed groups, see instructions. All others, combine
lines 26 through 28 . . . . . . . . . . .
b 1120 subgroup reconciliation totals . . . . . .
c PC insurance subgroup reconciliation totals . . .
30
Reconciliation totals. Combine lines 29a through 29c
Note: Line 30, column (a), must equal the amount on Part I, line 11, and column (d) must equal Form 1120-L, page 1, line 20.
Schedule M-3 (Form 1120-L) 2019