No; you bought something of Value.

Spending money = expenditure, but not Expense.

What you bought, similar to a vehicle, is called “Asset” = invested in something. Printer paper and electricity are Expense = Poof! Gone, already.

You will need help from your own CPA; your Buy/Sell documents are going to be used, […]

Resolution for 'business last year issue: 'I purchased a food distribution (Pepperidge Farm) business last year. Do I get to write off the cost of the business purchase?' available: Yes.

The business last year issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the business last year issue yourself by looking for a resolution described in the article. If it is a complex business last year issue or you are unable to solve the issue, you may contact us by clicking here or by using other business last year support options.

For more information about resolving issues related to business last year in Quickbooks/QBO or to get support for the issue 'I purchased a food distribution (Pepperidge Farm) business last year. Do I get to write off the cost of the business purchase?', click the link below: