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Do I need to categorize my sole proprietor expenses?
I started a sole owner LLC in 2016. I have a net loss for the year, as I have start-up costs and only a small amount of income. I have all my expenses by date in a simple spreadsheet and they are not split by category. TurboTax is asking for expenses by category. Before I take the time to categorize all these expenses, do I really need to split all my expenses up by category for 2016 taxes?
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‎June 3, 2019
6:31 PM