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February 20, 2025
Question

Total end-of-year assets includes "cash in the bank" in turbotax business 2024

  • February 20, 2025
  • 1 reply
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what "cash in the bank" means for an s-corp?

1 reply

PatriciaV
Employee
February 23, 2025

If your S-Corp deposits funds into a bank in the corporation's name and there is a balance in that account at year end, enter that amount for "Cash in the Bank." 

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