No, it's not telling you to use M1 Line 1, it is telling you that your Capital Reconciliation section under the Balance Sheet section isn't in balance or is reporting different net income from the tax return. You should complete the Income Reconciliation section and the Capital Reconciliation sections before entering your Balance Sheet (or remove any Balance Sheet overrides for these line items once the specific schedules are in balance).
To do this in TurboTax Business you can follow these steps:
- Within your tax return, under the Federal Taxes tab click Balance Sheet
- Continue to the Your Reconciliations and Balance Sheet screen
- Click Edit for the Income Reconciliation and proceed until it is in balance
- Repeat for the Captial Reconciliation
- Click Edit for the Balance Sheet and remove any amounts you have entered for Partner Capital
- Proceed entering/reviewing your return
@eastend19
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