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Level 3
January 21, 2023
Question

Hello -How do I enter shareholder distributions (taken from previous year's retained earnings?) Client took a $40k distribution last year.I entered on M2 -missing K1

  • January 21, 2023
  • 1 reply
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1 reply

PhoebeRoberts
Intuit Community Champion
January 21, 2023

There's an input screen called something like Distributions and Loan Repayments. It goes there. No need to also enter in the M-2 screen.

kelly6Author
Level 3
January 23, 2023

Thank you.  That worked.  Now - if anyone knows how to get QBO to link these distributions to this ProConnect area - that would be swell!