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February 21, 2025
Question

Turbotax is not figuring the owners distribution into the balance sheet, what do I do to make my balance sheet work?

  • February 21, 2025
  • 1 reply
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How to enter owner distribution into online turbo tax.

    1 reply

    PatriciaV
    Employee
    March 2, 2025

    If you're working on a return for an S-Corp in TurboTax Business Online, shareholder distributions are entered under Business Info >> Shareholder Information

     

    Under Business info, click the pencil icon to the right of "Made distributions" Enter the amount to be allocated to the shareholders according to their ownership percentages. You made need to adjust other line items on the balance sheet to bring it into balance.

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