- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
I did find it in shareholder info. I didn't have any changes to shareholders and there was nothing to indicate there were more questions so at first I didn't think I needed to edit the shareholders. There have been several of us that have asked this question, so I hope Turbo Tax notices that it is not as user friendly as it could be. I found the answer on a different thread for anyone else struggling with this I am sharing here:
To indicate that you have received a distribution:
- Go to Business Info
- Shareholder Information tab
- Click Done Entering Shareholders from summary screen
- "Yes" the corporation made distributions to shareholders
- Put the total amount on the next screen
- This will carry to your K1, Box 16D items affecting shareholder basis
March 10, 2022
2:00 PM