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Get your taxes done using TurboTax
Thank you for responding.
There is a section called "Adjustments to Shareholders Equity". On my 2020 return I put an amount here that consisted of 2020 Member Equity of 128,000 Less 2019 Retained Earning of -930.
On my 2021 return I am out of balance if I do not include this same amount somewhere, presumably in the same section of "Adjustments to Shareholders Equity".
Did I put those 2020 Retained Earnings in the correct spot and is it correct that I need to enter this same amount on my 2021 return?
March 2, 2022
9:41 AM