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Get your taxes done using TurboTax
Turbo Tax for Business on my 2020 return carried over the capital/cash from the previous year - 2019. The form showed last year's ending capital balance and allows me to specify contributions.
When I specify this information on my 2021 return, the form does not carry over the cumulative cash contributions. What value should I enter in the Cash for 2021 - the cumulative or just the value for 2021?
March 12, 2022
9:01 AM