I can't believe that Sch L Balance Sheet retained earnings and AAA must agree.
Those two accounts will rarely agree.
One example is that retained earnings will have a full deduction for any meals and entertainment, while the AAA will not.
Additionally, distributions will always impact retained earnings, but they cannot cause AAA to go negative.
The retained earnings follows book income, while AAA follows tax.
I think you need to get a second opinion from TT.
@PatriciaV the advice provided to the OP certainly can't be correct?
I am not on a Windows environment, so no access to TT Business.
*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.
