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kazooman
New Member

I am a new author, and I've spent quite a bit on advertising this year. Do I need to create an LLC to deduct those advertising expenses?

 
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TomD8
Level 15

I am a new author, and I've spent quite a bit on advertising this year. Do I need to create an LLC to deduct those advertising expenses?

An LLC is not necessary in order to deduct those expenses.  Deduct them as a business expense on Schedule C.  Profits or losses from a single-member LLC are not taxed directly but instead are taxed through the single member’s personal federal tax return.  

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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1 Reply
TomD8
Level 15

I am a new author, and I've spent quite a bit on advertising this year. Do I need to create an LLC to deduct those advertising expenses?

An LLC is not necessary in order to deduct those expenses.  Deduct them as a business expense on Schedule C.  Profits or losses from a single-member LLC are not taxed directly but instead are taxed through the single member’s personal federal tax return.  

**Answers are correct to the best of my ability but do not constitute tax or legal advice.
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