Prior C-Corp Retained Earnings

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  • Floridagirl
    Junior Member
    • Mar 2019
    • 3

    #1

    Prior C-Corp Retained Earnings

    Prior C-Corp converted to S-Corp. 2018 expenses were paid (tax and penalties) relating to C-Corp. On M-2 entered BOY balance under (c) Accumulated E & P. Entered Other Reductions under (d) Other adjustments account. When it flows through to Balance Sheet, the other reductions are not included -- just the EOY AAA balance and the Accumulated E & P. Any suggestions?
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