 Income tax 2022-2023, makers depreciation, which property class applies under GDS, otherwise known as General Depreciation System. Let's do some wealth preservation with some tax preparation. Most of this information comes from Publication 946, how to depreciate property tax year 2022. You can find it at the IRS website, irs.gov, irs.gov. Looking at the income tax formula, noting we're online, one income. Remember, in the first half of the income tax formula is in essence and income statement, although just an outline of scaffolding other forms and schedules rolling in, flowing into these line items. One of those, the Schedule C, which has business income minus business expenses, gives us the net business income. The Schedule C, net income in essence, flowing into line one income of our income tax formula, page one.