Is an LLC required to report/deduct sole proprietor income/expenses? I have a very small side business and have not been using tax deductions appropriately. Tips?

[capnjok]

Side business is small and expenses will likely outpace revenues.  (More of a hobby business, but there is some income.)  Should I simply file as an additional Sole Proprietor source of income or is there more benefit to forming an LLC?

[Carl]

When t comes to taxes, the only difference between a single member LLC and a sole proprietorship is the spelling. Literally! Both are considered a disregarded entity by the IRS.

Also, hobby income is completely different.

https://www.irs.gov/newsroom/hobby-or-business-irs-offers-tips-to-decide