@turbosl2 wrote:
In terms of the governments eyes his business closed and mine opened. Completely new LLC, insurance, lease,payroll,EIN…etc.
Then you didn't buy the business. Maybe your new business bought assets from your friend's business. You need to clarify exactly what was bought.
And if you formed a new LLC, who are the members of that LLC?
These are more questions that you need to discuss with a tax professional.
I would not recommend TurboTax Live because you don't get to talk with the same expert each time. You need a continuing relationship with one professional who knows all the details of your situation. TurboTax Live Full Service might be an option, but the fact that TurboTax does not support a necessary form is probably a deal-breaker. Also, I don't know how much choice you would have about the professional who is assigned to you. You're better off with a local professional whose qualifications and attitude you can evaluate before you make a choice.
