Balance Sheet & Dealing With TTAX Rounding

[beyondthebox]

I have attempted to put all the figures from Quickbooks faithfully into Turbotax SCORP. Unfortunately, Turbo Tax routinely rounds assets and other numbers. Because of my income level I am now required to complete a Balance Sheet in Turbo Tax to be able to file.

Turbo tax demands that my Quickbooks and Turbo tax match EXACTLY or I will be prevented from filing.

How exactly am I supposed to do that with the rounding?

I am off by $1 so I am now am being forced to fudge Turbo Tax. Basically, I now report $1 less for one of the assets. But this puts me out of sync with what I have in Quickbooks. I am not clear why there is a balance sheet requirement when rounding is likely going to interfere.

[Mike9241]

in forms mode, change the amount of the cash balance so the return is in balance. That's what pros do because they encounter the same issue when rounding or for that matter any other account but not the equity comments such as retained earnings.

[beyondthebox]

Can you be much more specific. What form, What Line?

[CatinaT1]

Mike is saying to go to forms mode and change the number on your Balance Sheet to match.