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June 1, 2019
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How do I create a balance sheet for my small business?

  • June 1, 2019
  • 1 reply
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While I know that my small business is not required to submit a balance sheet with my tax return, I would still like to. How do I create an IRS-acceptable balance sheet in TurboTax Home & Business?
Best answer by Lisa995
There is no place to create a balance sheet for a sole proprietor business to submit with a personal return.   Schedule C is basically a Profit & Loss statement, there's no place for a balance sheet.

1 reply

Lisa995
Lisa995Answer
June 1, 2019
There is no place to create a balance sheet for a sole proprietor business to submit with a personal return.   Schedule C is basically a Profit & Loss statement, there's no place for a balance sheet.
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
June 1, 2019
You would need Quickbooks or something similar.