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cmoellenbeck
Level 2
January 29, 2023
Question

My 1120-S balance sheet is off by the total of partner capital contributions for the year? How do I fix this?

  • January 29, 2023
  • 1 reply
  • 23 views
I've input the capital contributions amounts in "Shareholder's Basis (7203)", but can't get anything to generate in the "Federal Balance Sheet".
This topic has been closed for replies.

1 reply

PhoebeRoberts
PhoebeRobertsIntuit Community Champion
Intuit Community Champion
January 30, 2023

1120S doesn't have partners, nor partner-style capital contributions. You need to enter the ending balances for Capital Stock and APIC in the Balance Sheet screen.

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