On the balance sheet entry, the retained earnings amounts come from your retained earnings reconciliation. You should reconcile and enter any differences in your Income Reconciliation and Retained Earnings Reconciliation before you enter your Balance Sheet.
To get back to this screen in TurboTax Business you can:
- Open your tax return
- Under the Federal Taxes tab click Balance Sheet
- Click Edit for the Income Reconciliation and verify the book to tax balances
- Click Edit for the Retained Earnings Reconciliation and verify or enter the book to tax balances
- Click Edit for the Balance Sheet and now verify your asset entries, then your liabilities and capital entries
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