@Rhyme2096 wrote:
So, the question is: do the numbers from Form 8954 flow into Balance Sheet in TT? I think Form 8954 is supplementary and "explanationatory" to IRS but I'd highly appreciate clarification so that I know how to enter the ending balance for Goodwill.
I apologize if I am being obtuse, but I still fail to comprehend what you mean by "numbers from Form 8954 flow into Balance Sheet in TT". TurboTax Business does not support (or include) Form 8954 (nor does any TurboTax product) so there is no way for the program to pick up anything on that form.
If you need to add (or adjust) the goodwill figures on your balance sheet, you can do that in Forms Mode (on Schedule L) or in the balance sheet section of the program (try Quick Entry mode).
