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- My 1120-S balance sheet is off by the total of partner capital contributions for the year? How do I fix this?
My 1120-S balance sheet is off by the total of partner capital contributions for the year? How do I fix this?
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cmoellenbeck
Level 1
01-29-2023
11:21 AM
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I've input the capital contributions amounts in "Shareholder's Basis (7203)", but can't get anything to generate in the "Federal Balance Sheet".
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PhoebeRoberts
Level 11
01-30-2023
09:27 AM
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1120S doesn't have partners, nor partner-style capital contributions. You need to enter the ending balances for Capital Stock and APIC in the Balance Sheet screen.
