In my 1120S for 2023, I:
1. Paid myself $98k salary (thru a payroll service)
2. Took $47k in Distributions to myself, 100% shareholder
3. Have $1k in profits in addition to my $47k Distributions
4. $68k in Retained Earnings (down from $70k in 2022)
5. Ordinary Income of $48k ($1k profit + $47k Distributions)
TurboTax is saying that I owe $5k on the 1120S Why is this not carried forward to my personal taxes via K-1?
