@jeffreyrstcyr
Have you reported the distribution of earnings in the Member/Shareholder Capital section of TurboTax?
Does your Schedule K-1 Line 16 show withdrawals/distributions?
Retained earnings reflect the income/loss of the company, but are also reduced by distributions to the members.
In the year a company dissolves, all assets are distributed and retained earnings are reduced to zero.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
