- Local time
- 7:48 AM
- User ID
- 2014
- Joined
- Oct 21, 2016
- Messages
- 34,438
- Reaction score
- 146,038
- Location
- Kansas
Yes.. You show income only for a year, pay the taxes on it, then take 2 years of mega loss.
Gotta talk to a tax professional and get in the game!! How well you use the system is up to you.
Mega loss as in, equipment purchases for jobs that never happen?