I understand that, under the new tax law for 2018, I cannot deduct any expenses for the cost of operating a home office at the convenience of my employer. I probably can't deduct any home office expenses for my own business either, because I no longer use my home office "regularly and exclusively" for that business.
I have no significant income or expenses to report from my self-employed business in 2018, but I am reluctant to call it "closed" because I might have income and/or expenses for the business in future years. And what about the vehicle that I used while self-employed? As with the business itself, I don't really consider my vehicle "no longer in service" because I might use it for my business again in future years. (I am currently using it exclusively for personal use.)
I should mention that my spouse continues to be self-employed, operating her own (separate) business from home. So we will file a Schedule C and home office expenses for her.
My employment began on January 1, so I guess I don't need to file a Schedule C for 2018? Or should I continue to file a Schedule C as long as my business is still technically open, but with no reported income or expenses for this year?
