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Error schedule 101 not completed?

#1

Hi,

Taxcycle T2 is giving an error stating to complete schedule 101 but this is corporations first year. There was no opening balance. How would I get rid of this unresolved error? Please advise.

Thanks,

Sukhdev Jalaf

#2

Your first year S101 values will be the Share Capital amount (DR) and either Shareholder or Bank for the CR.

#3

Yes this is more of a user error than a program error. Mr. Klassen has the correct answer.