Hi this portion of TTB is limiting the shareholder distribution to the total income amount for the year, but including the previous retained earnings equity, the shareholder distribution should be allowed, and we allowed on previous return.
Example:
Shareholder Distribution was entered at $55000
RETAINED EARNINGS RECONCILIATION SUMMARY
Beginning Retained Earnings = $10000
Plus: Book Net Income = $50000
Less: Shareholder Distributions = $50000 (this is automatically limited to Book Net Income)
It should populate the $55000 and not limit the amount.
