If you invest with profits from your single-member LLC (this business is not a related to trading/investing), can you deduct business expenses that are related to your investing? For example if you have to pay for market feed data to be able to transact buy and sell orders for your investments or if you subscribed to a service that provided stock market information, can these be claimed as a business expense by the single-member LLC?
My understanding is if your business is for trading then you'd need trader status to write off those things, however if your business is for something non-trading related like say consulting for healthcare providers, but you have a brokerage account in the LLC's name to invest with, can you deduct investing expenses as business expenses because it's not the LLC's main purpose of existing.
