JotikaT2
Employee Tax Expert

Deductions & credits

No, it would not if these are personal investments. 

 

The only time you would be able to report the expenses on a return for an LLC would be if the investments are in the business's name.  But be aware, some states do assess additional taxes on the gross receipts of an LLC and charge an annual fee.  You would need to evaluate if it would even make sense based upon your state and your intentions with the LLC.

 

 

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