If someone started a sole proprietorship in 2018, purchased business assets for 100% business use in 2018, put those assets to use in 2018, and had business gross income below the standard deduction, what effect of taking the standard deduction in 2018 have with regard to depreciation of those business assets?
Beyond forfeiting section 179 deductions, are there any other negative consequences?
More generally, are there any other issues to consider in this case?
