Hello @Jamiah15
Under IRS rules, any income made during the year must be files on your tax return. Therefore, if you start a business in July, and make money, a tax return must be filed in 2022.
Concerning the property: if you have any costs associated with the property during the year, you can include this in your return which should reduce you taxable income.
As a student you qualify for one of the education credits. Here is a link to the IRS website to see which credit you may qualify for :https://www.irs.gov/credits-deductions/individuals/education-credits-aotc-llc
Thank you!
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