My QBO tax prep shows the same amounts as my P&L and BS but the total deductions on 1120S line 21 are $300 less than they should be. The only nondeductible expense is $496 (50% of $992 (meals)). I wonder if Proconnect is miscalculating the deductible amount (80% rather than 50% than I input) 992 x .80 = 793.60 as the difference is 796 (53982-53186).
Did you input or did you import data?
Look at the input and see where the deduction for meals is entered.
If that's not it, you'll need to go through the return line by line to see what is wrong.
Of course you always review the return any way, don't you?
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