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Business & farm
That value usually comes from the prior year Form 1065, Schedule L if you transfer info in from the previous year. But that is not the situation in your case.
First check you entries in the interview:
- Click on the Federal Taxes > Balance Sheet > Continue.
- On the screen, Your Reconciliations and Balance Sheet, click the Edit box next to Balance Sheet. [Screenshot #1, below.]
- On the Select Your Entry Method screen, click the Quick Entry box. [Screenshot #2 ]
- On the Enter Your Assets screen, make sure there is either a zero or no entry in the Cash Beginning of Year box. [Screenshot #3]
If the wrong figure still shows on Schedule L (Row 1 column b), you can go into Forms Mode, open the Schedule L and override the value. To override, put your cursor arrow in the box, right-click and select Override from the pop-up menu. [Screenshot #4]
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‎June 6, 2019
10:17 AM
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