@B0555555 wrote:
....I'm sort of stuck since I assuming I need to fill out M-2 since I have undistributed earnings in the companies bank account.
The link below (albeit for different software) provides an explanation of the adjustments made when the AAA distribution amount differs from that entered into the program.
https://kb.drakesoftware.com/Site/Browse/11549/1120S-AAA-Distributions
I doubt it will be illuminating but it is rather difficult to provide any direction with respect to balance sheet issues without seeing the entire return.
