On the Balance Sheet, loans from shareholders is lower at year-end than at the beginning of the tax year. Doesn't this repayment of loans carry over to Scheduled K automatically?
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No. Balance sheet items are input manually.
Since I am on a MAC, can't see this program as it's Windows only, but I would imagine this item is input somewhere in the shareholder information section. I may be wrong, but that would be my suggestion to look there.
You were correct! If you go to Forms, there is a Basis Info worksheet where you manually input the loan repayments info for each shareholder. Thank you for responding!
You are welcome.
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