pforbes1
New Member

on the business tax 1120-s form, why are the distributions to shareholders not being carried over to the retained earnings section?

Entered distribution amount in the shareholder information section and when got to balance sheet section, which I was able to skip, then it went to retained earnings section which did not have the correct number. I choose to update it with the correct numbers but it would update the Less: Shareholder Distribution - left it at $0. Even though I had entered an amount. I have talked to 3 people and got no where. Is there a problem with your software?