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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:
- Click Federal Taxes
- Click Balance Sheet
- Continue to the Enter your Liabilities and Capital
- Scroll Down to Capital and Retained Earnings
- Enter Other comprehensive income under Adjustments to Shareholders' Equity (Screenshot provided)
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‎February 21, 2023
8:22 AM