I have a question related to M-2 as well. I want to reduce retained earnings by adding owner investment.
Although the M-2 form shows my addition (under Line 3 "other additions") it shows up in RED. It reduces the retained earnings to right figure, but it is not carried over and reflected on the Schedule L Balance sheet or the M-2 worksheet. Are you saying Turbo Tax will not allow user to have a Schedule M-2 and reduce (or change) retained earnings figure? I thought there was something I needed to change or do.
I wonder why it has this shortcoming in the software? Will they ever fix this?
