Send us a textSee the Video Recording here: https://us02web.zoom.us/rec/play/0p71SC51B5Yx1tIuOMEeTFC4GDISmnT3blyL_GuNAt6WV2T2_94xLnwSwQjW3OHYt1t3s--9zne1fuol.0Fq13AfpEtZ595h2?autoplay=true&startTime=1669741440000Access the Live Transcript here: https://otter.ai/u/d1My0m2uaw4hj7b7tBCDsCi-lB8Business Trust Chart of Accounts: https://docs.google.com/document/d/1mk5J9c_wJf3tY5uMwJWl9CucRZEVErVQ8lGsa6Wy47Q/edit?pli=1Outline:Business trust bookkeeping is the same as any other business other than one exception.-7:23What other assets do you need to know about?-16:42On your 260 basis account, are you addressing the basis of the business and the business income?-21:23The 1065 partnership classifications so that you don't miss anything.-29:52What is the difference between a business and a business trust?-35:20What are the taxes you have to pay on your business?-43:30Vehicle fuel and vehicle expenses.-47:52Business trusts are no different than personal trusts.-52:09The three categories of accounts - business, personal, and business - and how to use them.-59:12How do you transfer capital gain from a business to a personal trust?-1:04:32What is a business trust? How does it work?-1:13:16What’s the difference between ordinary income and capital gains?-1:16:40

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