AliciaP1
Expert Alumni

Business & farm

If this is your initial return, then your business was not in operation in the previous year and your beginning balance sheet should all be 0.  Also, the tax form populates your end-of-year Retained Earnings from your income and expenses that you entered and your Fixed Assets/Accumulated Depreciation from your asset entries so you do not need to overwrite those amounts.  

 

Unfortunately, we cannot review your specific return within the public forum.  If you cannot resolve the issue you may need to contact a tax professional in your area.

 

@bizhanshaban321

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