Deductions & credits

Thank you so much for the clarification that definitely makes a lot more sense. 

 

Not to make things more confusing, I do have a full time job, as this would be on the side. So I do receive a W2. This doesn't change anything really does it?

 

In terms of deducting the cost of the drone as a start up cost, it sounds like my 2019 taxes filed in 2020, still wouldn't be able to include the drone, correct?