I cannot get TurboTax to allow me to input my cash distributions in the M-2 form. I have a negative retained earnings. I have completed our stock basis. My CPA (who uses different software) states there is no reason that this should be happening. Turbo Tax shows the figure as "distributions in excess of retained earnings" at bottom of Schedule M-2/Retained Earnings Memo Smart Worksheet" on line G. It will not allow me to put it on Line E which is line for "Less Dividends and Distributions" and which needs to be subtracted to make my balance sheet balance by increasing the Negative number.
