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Daycare and Taxes>Closed Daycare-Question for Tom
AnythingsPossible 06:24 AM 11-29-2020
I closed my daycare at the end of 2019. I have always used TurboTax to do my taxes and am curious if it will walk through the process of recapturing depreciation if necessary or if it would be best this year to have our taxes done. Tom, does your tax book provide information on final taxes after closing your business or can you direct me to any other resources you may have in regards to this. I appreciate any insight anyone can provide.
Thank you!
Tags:2019, closed, closing daycare, depreciation, taxes, turbo tax