Hello. I am doing my scorp taxes on turbotax. My balance sheet is out of balance because of the following. We got a business car that is worth 60K with 60K loan with interest. I am claiming the section 179 depreciation (around 20K) on it which is putting the cost around 40K. The remaining loan balance at the end of the year is 50K. On schedule L This is showing that the balance sheet is out of balance by -10K. There are no other entries on the balance sheet besides the car value and the car loan remaining balance What am I doing wrong?
