I am currently a self-employed computer technician. I file my taxes as
a sole proprietor using Turbotax Home and Business and have been for
the last few years. I like it and its easy.
In 2008 I also got involved in a small vending business with a friend
placing small candy machines at locations. We registered the business
as a general partnership. We have not really gotten it off the ground
yet and only grossed about $1000 last year and after expenses we will
likely be negative. Wanted to know the best way to file our taxes for
that business. I considered using Turbotax Business which is for Corps
and Partnerships. Is that good way to do it or would I be better off
using an accountant for the partnership business. Is there anything
special I should be aware of in respect to taxes and a general
partnership or is it pretty straightforward?
Thanks in advance,
- posted 11 years ago