Ok here I go......Planning to buy some raw land with the next 7 months to start a grrenhouse farm...I work for a company and I own my own business which I filled taxes for both...Last year was my first year to fill taxes for my business and I had a lost but this year I will be reporting a profit....I understand that you need to years self-employment income but does that mean two years profit? I had a lost of $8000.00 with start up cost but this year I'm tracking to make atleat $16,000... How would this be caculated?
