Existing Business Purchase where do I enter it

[fresco19]

Bought existing business where do I report it

[PatriciaV]

A business purchase is not reported on your tax return. The income and expenses for the business will be reported on Schedule C (for self-employment) or Schedule E (for rental properties). If you purchased an investment, you won't report that on your tax return until you sell it.

Additional Information:

• Am I considered self-employed?
• Tax Tips for the Self-Employed