B
BigRVP
Guest
Had a discussing with a colleague and was debating on the following...how much income does a buisness have to bring in to benefit from business write offs. The first year i was self employed, i keep all expenses related to my business on a spreadsheet. during tax season my wife and i filed married joint and took all my "info" to our preparer. this was a few years ago, but i remembered her saying that u really dont benefit from write off until ur business is 50k or more in income.. Please advise if you know the answer.