Purchase of small business

From: KG <kgsav_at_hotmail.com>
Date: 1 Aug 2006 20:02:29 -0700

Just a couple of questions

If I purchase a small business, can I claim the amount when I file my 2006 tax return?

Also,
Re Cost of Goods Sold (Form 1040)
Purchases less cost of items withdrawn for personal use (line 36) is extremely overblown (12x) when compared to the actual invoice records I have. I just want to know if there's anything else that makes up this number that I may be overlooking.
Thanks in advance
G. Received on Tue Aug 01 2006 - 20:02:34 PDT