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"The balance in the corp checking account has absolutely nothing to do with the distribution of income shown on the K-1."

OK I am pretty sure TurboTax S Corp asks me about that balance (at the beg and end of year), and I was further convinced this is where that info went. I will have to check (and obviously you will be proved right...). Might take me a while, I am 9000 miles from my taxes (both geographically and mentally obviously).

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