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February 7, 2023
Question

Retained Earnings reconciliation

  • February 7, 2023
  • 1 reply
  • 0 views

Retained Earnings reconciliation refuses to pick up actual distributions to shareholders amount entered earlier in 2022 Turbo Tax Business software.  Doing 2021 S Corporation tax return.  Because of error, I cannot do balance sheet.  Turbo Tax technical team cannot figure out problem.  This is Turbo Tax Business download, therefore I am doing work on my desktop computer.  Have used this same product for years and have never had this problem.  

1 reply

PatriciaV
Employee
February 7, 2023

Please clarify which form displays the Retained Earnings reconciliation that is omitting distributions to shareholders.
You can confirm the distribution allocations on Sch K-1 Wks to be sure the calculations are as you expected.

 

@richretaud 

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