Purchasing personal items to sell through LLC

Forum|Forum|9 months ago
September 7, 2025
1 reply
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I have a small business (LLC) where I am able to sell used (and new) items. I have some relevant stuff I own personally that I'd like to sell through the business. Can I pay myself through the company checking account (I would write a biz check) for the items? (I would pay myself a reasonable amount that allows for profit on the business side, so no funny business.)

If so, would the amount I pay for the items (to myself) be an expense/cost for tax purposes?

VolvoGirl

Level 15

It might depend on how you file the LLC taxes. Do you file it as a Schedule C in your personal return as self employment OR do you file a separate business return for it like a 1065 or 1120-S?

rwom1217Author

Level 5

Schedule C - personal

rwom1217Author

Level 5

Still looking for answers on this. The biz taxes are done as part of personal taxes as an LLC.

Is this how it word work: I personally own an item. I write a check from the LLC account to myself, let's say for $250. I then sell it for $300 through the LLC as a used item. Forgive me if I'm not using right terminology here, but would I report the $250 as an expense/inventory purchase, then pay income tax on the $50 difference?

Or, do I basically have to "give" the item to the business and report the entire $300 as income?