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On form 5227, balance sheet off balance by $5,012, which is equal to undistributed capital gains. How do I correct to get all figures to balance?
Solution: Please review Form 5227, page 3, Part IV, Balance sheet. You may need to make entries in the liabilities section of the balance sheet. However, it depends on which direction you need to go. You can make these changes in screen 49.1, Balance Sheet in the Liabilities section or Net Assets.
