I have an LLC and I represent one client.
Every year the CA LLC fee amounts to $6,000, based on revenue.
My client reimburses me for this fee when I pay it.
However, and this is where I feel stupid, there's a section in TT where you can deduct this fee, other fees and taxes, and I just automatically entered the fee in that section.
I definitely feel I should not have been deducting it since I get it reimbursed. I assume I'm correct?
Doh!
