BrittanyS
Expert Alumni

Business & farm

From your screenshots, you may need to view the business info section and verify how your business is categorized.  Other comprehensive income is an adjustment to a shareholder's equity account, which occurs for S Corps or C Corps.  You can get to the screen for the shareholder equity adjustment by following these steps:

 

  1. Click Federal Taxes
  2. Click Balance Sheet
  3. Continue to the Enter your Liabilities and Capital 
  4. Scroll Down to Capital and Retained Earnings
  5. Enter Other comprehensive income under Adjustments to Shareholders' Equity (Screenshot provided)

 

@jc152 

 

 

 

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