[sumastorm]

year. How do I calculate? I have a small part time photography business. Last year I had $10,000 deposited into a business account to start my own business. I purchased some very expensive equipment. during 2006. However I did no paid work. On last years return I stated no income and no deductions for my sole proprietor portion of the return. This year things seem a little more favorable. I actually have a booking for a job and my business is now fully liscensed. How do i factor in my expensive purchases from a prior year? Any advice will be appreciated. Thank youSorry i meant i filed no deductions/income for the year 2005

[the_smeltzers]

Use turbo tax it will do the hard stuff for you.I know that you can depreciate the equipment over a number of years, and that is what you will be doing in this case. Go to the help in Turbo TAx website for more help. www.turbotax.com