I have an S corp that started in 2018- small, simple but I must file Schedule L (BS) and M-2.
My AA/Retained earnings accounts matched my schedule L balance sheet line 24 retained earnings only 1 time. My tax accountant made errors in 2019 entering no starting basis. I also have had PPP that was mishandled, etc.
No surprise that my 2023 YE AAA(M-2) ending does NOT equal my Line 24 Retained earnings on the balance sheet yet again.
My TT live agent says these two numbers MUST match in order to file electronically through TT. So, I have two options:
1. fudge the balance sheet number to match my AAA ending balance from M-2 or
2. Call a outside CPA to do my return which would be annoying given I completed this return entirely myself except for this 1 issue.
What are your thoughts?
Also, should I download the desktop version and file? It's 1/2 or even less of the cost of online. I heard some folks could not file electronically with desk which is non-starter. I used desktop last year for 1040 and it was great. Easier to use than online by far.
