Hello! I really appreciate your help. Sadly, when I get info, lol I have a few extra questions. If you’re too busy, no worries.
My husband is deciding if he will pick up more side work through end of year (it’s IT work). However, for last year as you saw, he had zero income from it.
Is it better to delete the home office asset for 2023 or leave it (and file) until he decides? Currently, I put in zero for income, but the home office asset is still there. I did see there should be no depreciation, if there wasn’t income included. I see a Schedule C is generated, if I put in zero. I wasn’t sure for 2023, if it’s better to leave this as is, or delete schedule C, home office as an asset, etc. If he doesn’t pick up extra income by end of year, I will definitely remove home office as an asset and delete the business for 2024. Again, thank you for generously giving your time.
