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GF
Returning Member

Turbo Tax is telling me to "enter a liability on the balance sheet for Federal Income Tax Payable 0. How do I do this?

I have an NOL that I'm carrying forward which zero's "0" out my tax liability.  My income reconciliation is out of balance due to the NOL, how do I enter this in QB desktop?
2 Replies
martinmarks
Level 10

Turbo Tax is telling me to "enter a liability on the balance sheet for Federal Income Tax Payable 0. How do I do this?

how do I enter this in QB desktop?

Maybe post this on the Quickbooks board 

GF
Returning Member

Turbo Tax is telling me to "enter a liability on the balance sheet for Federal Income Tax Payable 0. How do I do this?

Thanks, I did.

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