The way this choice is formulated in TurboTax Business makes no sense whatsoever, and I can say the same for the "Explain This" section which is supposed to help... This question required Yes/No answer that is irrevocable and applies to future years, so we need to make sure we answer correctly.
We are a small business (LLC) and we make jewelry. We do not have any interest expenses, and we are obviously not farming or real property business. How should we answer this?
TurboTax is automatically selecting Yes for us, but I do not feel comfortable leaving this answer without understanding it, especially since it cannot be changed in future years.
