W2 worker and small business owner I am 24 years old. I work at as a bookkeeper and also own a small nail salon that is under my name. I made a loss of 2k at the small business nail salon owning it from 8/15/2016-12/31/2016.
I am looking to do my taxes on turbotax and was wondering do I need to submit any additional forms to IRS or can everything be done under turbo tax? Do I separate my business filing from my job one? Do I report my 1099 to my two employees at the nail salon?
Please help give me a step by step guide on what I need to do as a worker and a business owner.
Thank you for your help!! |