How do I create the 941 Schedule D?

Schedule D for Form 941 is used for payers who need to explain certain discrepancies (caused by acquisitions, statutory mergers, and consolidations) between Forms W-2 and Forms 941 for the totals of social security wages, Medicare wages and tips, social security tips, federal income tax withheld, and advance earned income credit (EIC) payments.

Creating a Schedule D

  1. Click on the Payer List button.
  2. Choose the Payer.
  3. Click on the Add Form button.
  4. Choose the 941/Sch B/Sch D option from the Form Name drop down menu.
  5. Choose the appropriate quarter.
  6. Click OK.
  7. Check the appropriate boxes on the preliminary window.
  8. Click OK.
  9. Click the Schd D button to complete the Schedule D form. 
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