I am working on my 2022 S-corp taxes using TT for Business 2022. Whenever I enter my total Distribution on Schedule K Line 16d the amount automatically fills in Section M-2 AAA line 7. However, I'd like to split that Distribution amount between Line 7 AAA and OAA accounts. So far, the Auto Calc does not allow me to do it. So, I have tried to Turn off M-2 Auto Calculation where, there are two check boxes on "Schedule M-2" section that say:
- Compute M-2 Y/N
- If yes, use Automated M-2/Retained Earnings worksheet amounts Y/N
I am selecting No to both questions, but it seems the worksheet just below the questions is still active. All the amounts I enter turn red as if my amounts are in error.
Is there something I am missing that would allow my to keep the worksheet active but adjust the Distribution as described above? If not, how do I turn off the AutoCalc and put in the numbers I want?
Brett
