I need help filling out my turbotax schedule k-1 S corp portion of my business tax

[mtcus19]

I need help filling out forms 

1120S and my Schedule K-1 forms. I have an excel P&L/asset balance sheet, but the terms on the forms are confusing me as it asks the questions on the turbotax stage of entry.

[IreneS]

If it's easier you can enter your balance sheet in Forms Mode.  To do this,

1. In the Forms in My Return list click Form 1120S, p.3-5  The form will open in the screen on the right.
2. Scroll down to Schedule L.
3. To go back to the interview, click the Step-by-Step icon at the top right of the screen.