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Deductions & credits
Yes. Personal deductions and business expenses are separate. You get to take both. Will your LLC be a Single Member LLC? Then you will probably file it as a disregarded entity on Schedule C in your personal return. If it is something else or you elect to be an S corp you need to file a separate Business return for it and should get professional help to set it up the first year.
‎August 9, 2019
7:46 AM