TaxGuyBill
Level 15

@Raj1 wrote:

 

2021 Tax Year Estimated but most likely Situation

Sch C nominal loss

2022 Tax Year Estimated but most likely Situation: More or less similar to 2021 tax situation.

 


Take a step back.  Are you saying the taxpayer is already EXPECTING a Schedule C loss in 2021 and 2022?

Is this really a business with the goal to make a profit?

 

At first glance, this seems like a person who wants to write off vehicles right before retiring, and is trying to call an activity a "business" which might not necessarily be a business.