My C-Corp is a start-up. First year filing taxes.
It was incorporated 1/18/2023.
Before 1/18/2023, I provided a Loan from Shareholder for Start Up Costs. ($3719.66).
On the Balance Sheet, I placed the Start Up Costs amount in the Intangible Assets.
After 1/18/2023, I provided a Loan from Shareholder for Organizational Costs ($101.00) and Operating Expenses ($970.27)
On the Balance Sheet, I placed the Organizational Costs amount in the Intangible Assets. (Now a total of $3820.66)
My total Loan from Shareholder was $4790.93.
On the Balance Sheet, the TurboTax Business Desktop Online program placed the Loan from Shareholder amount in the Retained Earning-Unappropriated.
In order to balance the Balance Sheet, where do I place the ($970.27) portion of the Loan from Shareholder, that was spent throughout 2023 for Operating Expenses?