Jordan76009
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Ok, thank you. So can I separate it then, as well? For example, calculate the amount of Cost of Goods Sold for the units that sold, and then expense all of the ...
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If a family member gave more than $15,000 cumulatively, though no one single gift amounted to over $15,000 individually, they will need to file a Form 709?
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Ok, so do I need to account for that in any way on my own taxes?
Activity Feed for Jordan76009
- Posted Re: COGS and Expenses on Business & farm. April 18, 2022 3:19 PM
- Posted Net Operating Loss (NOL) on Business & farm. April 18, 2022 3:16 PM
- Posted COGS and Expenses on Business & farm. April 18, 2022 1:41 PM
- Posted Schedule F Custom Hire (Machine Work) on Business & farm. April 18, 2022 12:08 PM
- Posted Door Dash QBI? on Get your taxes done using TurboTax. April 17, 2022 7:16 PM
- Posted Re: Single Member LLC receiving family capital contributions on Business & farm. April 17, 2022 10:55 AM
- Posted Owner's Draw for Single Member LLC on Business & farm. April 17, 2022 9:56 AM
- Posted Re: Single Member LLC receiving family capital contributions on Business & farm. April 17, 2022 9:11 AM
- Posted Single Member LLC receiving family capital contributions on Business & farm. April 17, 2022 7:47 AM