I intend to begin a videography/photography sole proprietorship in January of 2023. I have been obtaining the legal documentation as well as other start up considerations (bank account, insurance, etc.) In December of 2022. I had someone reach out and ask if I could film in December and I would receive payment in January. I understand that the income would be filed in the 2023 taxes, however, what about the deductions? Would I have to file in 2022 without income and only have the deduction of that one job?
Furthermore, am I REQUIRED to file if I had only expenses with no income as a sole proprietor or is it just strongly recommended for deduction purposes?
Extra question: If I place money into the bank account that I have been holding for the creation of the business do I have to file that in 2022 or is that not something that would count as an income.
