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<p>[QUOTE=&quot;geekpryde, post: 1861082, member: 36248&quot;]I disagree.&nbsp;&nbsp; Learning this stuff is good for almost everyone.&nbsp; You need to start somewhere.&nbsp;&nbsp; I&#039;ve been doing my own taxes using TurboTax since I was 16.&nbsp;&nbsp; I do my wife&#039;s business bookkeeping and business taxes.&nbsp;&nbsp; Even if you farm the accounting work out once you are making enough money to do so, doing the day to day bookkeeping is a must.&nbsp;&nbsp; Having an understanding of double-entry bookkeeping, taxes laws, cash flow, income, expenses, etc is really important.</p><p><br /></p><p>I actually<a href="https://ttlc.intuit.com/tags/turbotax%20faq?filter=answered_questions&amp;sort=popularity" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://ttlc.intuit.com/tags/turbotax%20faq?filter=answered_questions&amp;sort=popularity" rel="nofollow"> hang out here </a>a few months around tax season, and read the questions and answers to stay fresh.&nbsp; (There are a lot of trash questions and trash answers, but plenty of free knowledge too)&nbsp; Stick to the answers from SuperUsers.</p><p><br /></p><p>OP, here is some helpful info:</p><p><br /></p><p>Might want to read up on COGS, <a href="http://www.irs.gov/publications/p334/ch06.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.irs.gov/publications/p334/ch06.html" rel="nofollow">http://www.irs.gov/publications/p334/ch06.html</a> and <a href="http://www.irs.gov/Businesses/Small-Businesses-%26-Self-Employed/Deducting-Business-Expenses" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.irs.gov/Businesses/Small-Businesses-%26-Self-Employed/Deducting-Business-Expenses" rel="nofollow">http://www.irs.gov/Businesses/Small-Businesses-&amp;-Self-Employed/Deducting-Business-Expenses</a> among other places.[/QUOTE]</p><p><br /></p>

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