YearClearSample report
Preparer package · Tax year 2022 · Harbor & Pine Studio LLC
Entity form PDFForm 1120-S data
The S corporation data package — organized for your preparer to review and file. YearClear does not file returns.
1120-SForm
S CorpEntity type
$94,620Ordinary income
1Shareholder
Income
Page 1 · Lines 1–6
LineDescriptionAmount
1a
Gross receipts or sales
$412,8601c
Balance (no returns or allowances)
$412,8606
Total income
$412,860Deductions
Page 1 · Lines 7–21
LineDescriptionAmount
8
Salaries and wages
$118,00011
Rents
$33,50012
Taxes and licenses
$11,80014
Depreciation
$11,24019
Other deductions (statement attached)
$143,70020
Total deductions
$318,24021
Ordinary business income
$94,620Schedule K — shareholder items
Flows to the shareholder’s K-1
LineDescriptionAmount
1
Ordinary business income
$94,62016d
Distributions
$48,000—
Shareholder basis effect, net
+$46,620Schedule L — balance sheet per books
Agrees with the Balance Sheet report
LineDescriptionAmount
15
Total assets, end of year
$186,42027
Total liabilities & equity, end of year
$186,420✓ Every line traces to the Tax Details mapping and the reconciled trial balance.
✓ Schedule L balances agree with the Balance Sheet as of December 31, 2022.
✓ Prepared as reference data for the preparer — not a filed return.