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.
If it's easier you can enter your balance sheet in Forms Mode. To do this,
- In the Forms in My Return list click Form 1120S, p.3-5 The form will open in the screen on the right.
- Scroll down to Schedule L.
- To go back to the interview, click the Step-by-Step icon at the top right of the screen.
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