I am filing Form 1065 for an LLC filing as a partnership and I am having trouble getting the Schedule L to balance based on the balance sheet. The discrepancy involves Retained Earnings in the equity section. Specifically, this company has $44,013 in total Assets, $69,845 in total Liabilities, and the partners' total Equity is $69,646. The -$95,478 difference between Assets and Liabilities & Equity is listed on the balance sheet as retained earnings but I don't see anywhere on Schedule L to put this amount so it will balance. Any help with this would be greatly appreciated!
