Hi,
I have been a salaried employee of a company. I have created an LLC last year and I had bought some office space through this LLC that I rented out. But, overall, I ended up in negative last year for the LLC (let's say $10k) bc painting/carpeting/etc was more than I got on rent. Can I deduct that loss from taxes, kind of from my salary? That is, if I had a salary of $60k for the year and the loss of $10k for the LLC, would I pay taxes just for $50k?
I try to do the taxes by myself bc it's pretty expensive with an accountant plus I still need what to tell the accountant otherwise he wont file the taxes right/miss deductions/etc.
Tks a lot,
