Balance Sheet Reconciliation - Equity - Member's Contribution

[tschapira]

Hi Experts, 

I need your guidance.

In 2020:

- I'm the sole principal of the firm

- I've invested an additional 100K into the firm in 2019. My journal entry classifies that personal investment as "Member's Contribution" as Equity (in quickbooks)

- In 2020 had positive net income (e.g. 50K)

- I withdrew the amount (e.g. 50K) as repayment. So my "Member's Contribution"   reduced to 50K

Now, here is my issue:

- Turbox tax is automatically deducting my NI from Retained earnings. However, I want my NI to be deducted from my "Member Contribution". Thus my tax records differ from my book record

What is my solution? Am I doing something incorrect?

[M-MTax]

Can't you adjust it? 

[tschapira]

I can't adjust it. 

Turbo tax in the retained earnings reconciliation section (under balance sheet) automatically deducts net income from my retained earnings.

However, my beginning balance RT and ending balance retained earnings are in my account book are the same.

I tried to categorized the repayment as a "shareholder distribution"?  but then I'm out of balance.

Is their paid support for this? I probably need 10 minutes of help.