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Small business (incorporated) declares and pays dividends
Scenario:
Small business is incorporated
Declared & paid $28K to shareholders. in 2021
How is retained earning adjusted on the balance sheet for the paid dividends (s100)?
Where is the amount entered on Taxable Dividends Paid on schedule 3?
Finally are any other schedules affected?
June 3, 2022
10:09 PM
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Getting started
Please contact our Intuit Profile- TurboTax for business Inc. for assistance.
Thank you for choosing TurboTax.
June 8, 2022
8:49 AM
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Getting started
Thank you for your suggestion. Link does not work. I am not a Profile customer, but a Turbo Tax T2 incorporated customer.
June 15, 2022
7:01 PM