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08-13-2024
11:07 AM
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Hi,
If I were to file an amended 2022 S-Corp tax return to update the Schedule L Balance Sheet beginning balance in retained earnings due to a change in the 2021 S-Corp tax return, is it ok to override the retained earnings beginning balance on Schedule L or should it be done differently?
I plan to adjust both an Asset account's beginning balance and the Retained Earnings beginning balance.
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