You may wish to return to the Business Info tab of TurboTax Business and review your answers to the Former C Corporation questions.
- Open your return and go to the Business Info tab.
- Click on About Your Business and page through the questions until you see "Former C Corporation Questions."
- Be sure you checked "No" for both questions.
Alternatively, go to Forms, open Form 1120S p1-2, scroll down to the bottom and review the box on Line 8 (should be blank).
Also check the options for Schedule M-2 found on Form 1120S p3-5 under the Schedule M-2 header. You can uncheck those boxes if you don't need to include this schedule to reconcile retained earnings.
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