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Business & farm
Just by marking the tax return as final and skipping the balance sheet section will solve your problem. Since the assets of the business at year-end are less than $250,000 (the requirement to file is assets and income over $250,000 for an S-Corp) you are not required to complete the balance sheet. Be sure to list the $10,000 distributions for each shareholder as well.
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‎February 4, 2023
12:25 PM