qbteachmt
Level 15

I would like to point out, you seem to be lost on the internet.

You’ve come to a Peer User community for Intuit Tax Preparation products supporting Lacerte, ProSeries, or ProConnect Tax Online products. Please visit the QuickBooks Help site for the answer to your question.

For your Accounting question, you stated it as if you are an S Corporation, and not as an LLC. You also pointed out nothing got distributed. There is no Change in Equity.

You need to sit with your own CPA or tax advisor or whoever helped you with your formation documents, and discuss this financial management issue with that person.

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