Anonymous
Not applicable
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
if the llc operates at a profit it will have an effect on the amount of medical expenses that can be deducted.
qualified medical expenses must be reduced by 7.5 % of adjusted gross income to arrive at deductible medical expenses. a loss would reduce AGI which would have the opposite effect in allowing more deductible medical expenses.
‎August 9, 2019
9:49 AM