Income Tax SummaryYour books arranged by the lines of the return you actually file: what a preparer transcribes. Business type in Settings decides which form's lines these are. Partnerships and corporations also get Schedule L, the balance sheet at the start and end of the year on the return's lines, and Schedules M-1 and M-2: book income walked to income per return, and the year's capital, retained earnings or accumulated adjustments account. Partnerships and S corporations get each owner's K-1 too, split by the ownership percentages in Settings. The section 199A inputs, an S corporation's wages beside its distributions, and a C corporation's taxable income after the dividends-received and net-operating-loss deductions are here as well. A non-profit gets its Part X balance sheet and the Part IX functional-expense statement, split by the percentages it gives each expense account.