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Business & farm
Thanks so much for your reply! Sorry about the confusion. You are correct, I entered 2018, when it should have read 2019.
I've ordered the TurboTax Business version as you mentioned. I think I understand the rest of your advice, although I may have a few questions as I work through the process.
We own a Salon & Spa. We don't have a lot of inventory (hair products, creams, lotions, etc). I'm a little confused on how to dispose of them on the final filing as a sole proprietor, but I think it will make more sense once I start working through it. I'll also do some reading. I'm not the type to come here and ask for help without first doing some research.
No vehicles are involved, so that should be easy.
We have always take the Section 179 discount on all assets. Hopefully that will make dealing with them a little easier as well.
Thanks again for your help. It's greatly appreciated!