Question
I'm getting the error "Immediate expensing claims can’t create or increase a loss. Please remove the immediate expensing claim". Can anyone help?
Just started up my wedding photography business and had a lot of expenses in 2022 and not very much income brought in. (New camera, multiple lenses, camera tools, equipment etc). I'm getting this error about immediate expensing claims and really don't know how to move forward / what I need to fix since I have 9 different entries. This is my first time doing business taxes so bare with me 🙂 Can someone dumb this down for me so I can actually understand it haha
