Sole Proprietorship and personal taxes?
So, my standard deduction is higher than my itemized deductions. I have a sole proprietorship, however, and I HAVE to itemize because of it. My ...
So, my standard deduction is higher than my itemized deductions.
I have a sole proprietorship, however, and I HAVE to itemize because of it.
My sole proprietorship is a very small internet business, it’s not really income, it’s a hobby, but was told to claim it to not get in trouble with the big boys.
I was wondering if, when I do my taxes, I would be taxed on more of my income because my standard deduction is higher than my itemized?