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
- Click on the Payer List button.
- Choose the Payer.
- Click on the Add Form button.
- Choose the 941/Sch B/Sch D option from the Form Name drop down menu.
- Choose the appropriate quarter.
- Click OK.
- Check the appropriate boxes on the preliminary window.
- Click OK.
- Click the Schd D button to complete the Schedule D form.