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Business & farm
Thank you. There was no other personal income in 2018. I wasn't asking whether or not I needed to file. I'm just trying to figure out if it'd be easier to take the standard deduction for 2018 without sacrificing potential asset depreciation deductions in the future.
We are talking about gross income less than the standard deduction with expenses and assets costing more than actual income for 2018. Not ideal of course. But it is what it is.
We are talking about gross income less than the standard deduction with expenses and assets costing more than actual income for 2018. Not ideal of course. But it is what it is.
‎June 4, 2019
8:26 PM