TaxGuyBill
Level 15

@strongsilence wrote:

 he is winding down his business.

His 2024 P&L shows huge increase in payments to subs and for supplies.   


 

If he is trying to wind down, a huge increase to subs could make sense because he is trying to not work.

The huge increase in supplies is questionable though, but could have a reasonable explanation (higher gross income, different kind of jobs, accounting for things differently, etc.).