To correct a shareholder's distribution please follow these steps:
- Within your return under Business Info click the sub tab Shareholder Information
- Click Done Entering Shareholders
- Verify the ownership percentages when there are multiple shareholders
- On the 2021 Distributions to Shareholders screen mark "Yes, the corporation made distributions to shareholders in 2021" then click Continue
- Enter the combined cash and/or combined property that was distributed to all Shareholders
Review your retained earnings reconciliation again and it will reflect correctly.
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