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New Member
posted Oct 30, 2019 1:09:17 PM

Can I create both an opening and closing balance sheet in Turbotax?

I need to provide two balance sheets because this is my first return after incorporation. How can I create both the Opening and Closing balance sheet in TurboTax and indicate which is which?


EDIT: I figured it out! After entering in the balance sheet info TurboTax then asked if this was the first filing after incorporation and when I selected Yes it then created an Opening Balance Sheet as well. 

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1 Replies
New Member
Oct 30, 2019 1:09:19 PM

Hello,


The Schedule 101 will be used as the opening balance sheets and the schedule 100 is the closing balance sheet.