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I own a Single Member LLC. I want to invest my profits into Stocks. Will I get a tax deduction for that?

 
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2 Replies

I own a Single Member LLC. I want to invest my profits into Stocks. Will I get a tax deduction for that?

A SMLLC reports the income and expenses on the Sch C and pays taxes on the net profit no matter what you do with that money.  

Anonymous
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I own a Single Member LLC. I want to invest my profits into Stocks. Will I get a tax deduction for that?

I want to invest my profits into Stocks. Will I get a tax deduction for that? no you won't 

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