I asked previously about if I should use Turbo Tax self-employed. I have a small business that Ihad no income last year, but expenses to start the business. It is a sole proprietor business structure.
Since the standard deduction is now at 18,000, does that mean that my net loss on my business won't help reduce my taxable income
I believe I have about $5000 of itemized deductions, including personal ones and the business expenses/ losses.
How should I handle filing the tax return this year?
