Business & farm

Thank you for the help Rick! As for assets on the personal return for 2019, I would eliminate those from the  schedule C and input those on the business return, got it!

 

But far as carrying the amortized expenses (Research & Development and Start Up costs from prior years), how would I close those on the personal return? Do I need to mention them here, or should they simply go to the business return?

 

Since I have the same EIN, would the IRS recognize this as the same business expense that were previously reported on Sch C - personal return?

@Rick19744