Hi Smunt3, thank you for posting an event question.
You indicated that you are a sole proprietor LLC.
A single-member LLC is not treated as an entity separate from its owner for federal income tax purposes. A single-member LLC owned by an individual files Schedule C. You can deduct payments to outside contract labor. Your own withdrawal or payment to yourself is not a Schedule C expense.
Gross income less business expenses = net profit (loss)
Please refer to Schedule C Profit or Loss From Business form and instructions.
https://www.irs.gov/pub/irs-pdf/f1040sc.pdf
https://www.irs.gov/pub/irs-pdf/i1040sc.pdf
To minimize tax as an individual, it is your best interest to capture all the allowable business expenses, which is detailed on instruction link starting page C-6.
Hope the above helps. Thank you again!
Kochu Kitty
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