@Carl well you could look into becoming an accountant as your side job bc you're great at it! lol
okay so believe you may have missed my car question if you don't mind me reposted it here to have you answer it
i do use my car for business and chose the standard deduction for miles and i have it roughly recorded in a book when i remember to lol. Even though i ended my such C business in early 2018 i still use this car for my sch E passive income. I just never reported car usage for sch E prior to 2018 because i was already reporting it for my sch C and i didn't keep the books separate since i was using the same car so i ONLY reported to sch C so I'm not double dipping. Now that my last sch C will be for 2018 how do i transfer the car to my sch E? just put in my sch E i put the vehicle in business in 2015 as shown on my sch C (even though i didn't start my sch E until 2017?) and thats it? or am i suppose to close it out on my schedule c saying i disposed of it when my business close and then start fresh on my schedule E with the same vehicle? so confused lol
2) when you say other income do you mean line 21 on 1040 or you mean just any other income i receive? all the other income i receive such a rental property income, interest payments on investments all make more than my schedule C business so every year i use the loss to help lower my tax liability for my other income. so just confused if you mean line 21 "other income" because that has been blank every year on my tax return
