 Income tax 2022-2023 special depreciation allowance tax software examples. Let's do some wealth preservation with some tax preparation. Here we are in our example Form 1040 populated with LASERT tax software. You don't need tax software to follow along but it's a great tool to run scenarios with. You can also get access to the Form 1040 related forms and schedules at the IRS website, irs.gov, irs.gov, starting point here, single filer Mr. Anderson living in Beverly Hills 90210. No W-2 income because they have the business income down here line number 8. Let's take a look at the flow-throughs coming from the Schedule C. Profiter loss from business, income statement format 120,000 minus the 20,000 gets us down to the 100,000, flows into the Schedule 1. Which flows into the Form 1040 line.