I have a transportation business and it was owner by someone else and they had losses. Anyhow, I took over and its under my name now and I have had 2 years(2017 + 2018) of losses on my business tax retgurn as I am starting to fix everything previous owner did. Now, I am trying to invest in buying my own trucks instead of renting, because it costs me more to rent and fix them than if I had my own. I will be investing in buying all them for a little over $25k.
Will it affect or will I get in trouble since, in 2017 + 2018 I had losses?
Please advise, thanks in advance.
