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Level 2
posted Mar 12, 2025 8:36:34 AM

Owner's Equity in TurboTax

As a sole proprietor, I invested my own money in the business. I think that should be included as owner's equity, but I cannot find where to enter it in TurboTax Home and Business?

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1 Replies
Expert Alumni
Mar 12, 2025 8:40:13 AM

Owner's equity would appear on the balance sheet of your business.

 

As a sole proprietor, you only file Schedule C, which is in fact a Profit and Loss statement of your business,

 

This is why you do not enter Owner's equity on your tax return as the balance sheet is not included.