ThomasM125
Expert Alumni

Get your taxes done using TurboTax

In 2022 you should have made an entry on your books to debit pension expense and credit pension contribution payable. Then when you paid the amount in 2023 you would debit the pension contribution payable and credit cash and your balance sheet would not need an adjustment in TurboTax.

 

I suggest you adjust your 2022 balance sheet on  schedule L to show the pension contribution payable amount in line 17, current liabilities, and see if that helps you. For your 2023 contribution, you would show that amount in line 17 in the 2023 column. 

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