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1120 C Corp - Balance Sheet / Prior Year Federal Tax Payment Handling
The C Corp paid $10,241 from their bank account last year (2021) to federal income taxes due in 2021. (These are not estimated payments).
When completing the 1120 balance sheet section, the Asset section is lower by the $10,241 vs. the Liabilities & Equity Section. (Due to the bank balance paying the taxes).
On TurboTax's data entry screen, I'm not readily able to see where to account for this payment on the Liabilities & Equity side. Any help is most appreciated!
