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Business & farm
I'm having the same issue - I can't see where TT Business is coming up with a negative Retained Earnings when I have "taxable income" on 1120 pg 2, although it does appear the balance sheet compels one to underreport deductions in order to get it to balance. If I put in the full amount of my deductions, it's "out of balance" by over $120k. I spent about 7 hours yesterday trying to track it down and/or get real answers. I also have the same issue you do in which there was a reply from Support that did not provide an answer, yet no replies to my followup with more details to clarify the issue to the Support person who responded.
‎January 26, 2022
7:10 AM