As noted by @Anonymous_ this area is difficult to diagnose in a forum such as this.
A few thoughts / comments:
- If 2020 was off by the amount of capital stock, did you not adjust for this in the beginning of the year balance sheet?
- Yes, technically beginning of the year should agree to end of the year, but adjusting the balance sheet does not impact the bottom line. If you can't adjust beginning of the year, then add this to the end of the year.
- I am not in a Windows environment so I can't operate the software. Having said that, I am not sure that TT balance sheet always rolls forward correctly. You may have to manually adjust an item on the balance sheet.
- You mention the 2020 differential, but you don't say what the 2021 differential is.
- How are you keeping the books in QuickBooks? Tax basis?
- How about some other key items
- Is your net income correct?
- Does your Schedule M-1 balance?
- Not sure what you mean by "With the loss in our business, capital stock should be difference"
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
