Schedule M-2 is used to reconcile unappropriated retained earnings at the beginning of the year with unappropriated retained earnings at the end of the year.

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Schedule M-2 is part of a corporate tax return (Form 1120) and is used to reconcile the amounts for the corporation's unappropriated retained earnings at the beginning and end of the tax year, reflecting changes due to net income, distributions, and other adjustments.

Schedule M-2 Is Used to Reconcile Unappropriated Retained Earnings at the Beginning