- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
An LLC is considered a disregarded entity meaning the profits and losses are taken on the individual tax return.
You should be claiming the business income and expenses on Schedule C.
This will resolve the unreimbursed business expenses as they will reduce net taxable income and reduce profit subject to self-employment tax.
March 4, 2021
9:57 AM