personal vs business forms

[ianleonard]

What kinds of forms are used to write off personal expenses vs business expenses if an LLC’s taxes all flows through your personal taxes?

[JasonH24]

If you are operating as a single member LLC all your business expenses are reported on Schedule C. Personal expenses are NOT deductible on your tax return.

If the LLC is operated with a business partner as a partnership (Form 1065) then a K-1 is issued to you and reported on Schedule E of Form 1040.

[ianleonard]

Thank you for your response. Regarding personal expenses: if you use your cell phone for your w2 or have a home office to work on things for your w2 outside of office hours - cant you expense them somehow on your taxes even though its not for your own business but for your job?

[VolvoGirl]

Sorry you can no longer deduct W2 expenses.  That was suspended in 2018.  Employee Home Office Deductions
https://ttlc.intuit.com/community/credits-and-deductions/help/can-i-take-the-home-office-deduction/0...