- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
It appears you have all the information, it's just that you don't understand how to interpret it.
If you are maintaining a checkbook, which it appears you are, and as you should, then each check entry should have a description; car purchase, car sale, expense, etc.
Based on the limited information, you appear to be able to determine sales, purchases, etc.
You would certainly benefit from meeting with a tax professional, or at a minimum, a bookkeeper who can pull together the information in your checkbook.
As noted by @Mike9241 , if you can't figure out what is in the checkbook, then you certainly aren't going to be able to challenge any potential IRS audit. That is not a good end result.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎November 21, 2023
2:07 PM