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balance sheet

Balance sheet comes up with its own calculations. I have no idea where it gets the figures it enters

 

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balance sheet

The balance sheet in TurboTax is somewhat of a hybrid; certain components are calculated and entered by inputs in the program and other components need to be manually entered.

 

Frankly, if you need to prepare a balance sheet but are not familiar with accounting for pass-through business entities, you should seek guidance, and probably return preparation, from a tax professional.

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