I purchased an asset sale in California
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It is better to enter each asset separately, in case you need to replace it, it is easy to swap an asset out.
In what form is the business? Did you purchase intangibles such as Goodwill, Going concern value, or Customer lists.
If you have a Sole Proprietorship you will need to update to the Self-Employed Edition.
If you purchased assets such as machinery that you use in your business, then yes, use depreciation.
It was a closed down business, but it had equipment. Can i claim as one whole asset, or should i list every individual equipment?
Thank you so much!
It is better to enter each asset separately, in case you need to replace it, it is easy to swap an asset out.
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