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

cmoellenbeck · ‎01-29-2023

I've input the capital contributions amounts in "Shareholder's Basis (7203)", but can't get anything to generate in the "Federal Balance Sheet".

PhoebeRoberts · ‎01-30-2023

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.