AliciaP1
Expert Alumni

Get your taxes done using TurboTax

If you are saying there is a $1 rounding issue in your Retained Earnings, you shouldn't be entering your retained earnings ending balance.  It should be entered by the system from the entries you have already made to report your tax return.  You need to go back to the balance sheet entry and delete your entry for retained earnings and the rounding error should go away.  If it does not, you can change the balance on one line by $1 to make the correction.

 

To get back to your balance sheet entry in TurboTax Business, go to the Federal Taxes tab and Balance Sheet.

 

@television11 

 

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