LLC

I own an LLC doing repairs on restaurants... can I deduct the parts that I purchase to be resold?

posted

Yes, you can and you should deduct the cost of parts you use in your business. If an expense is directly related to the work you do, you can deduct it as an expense. For more information on self-employment expenses see the following TurboTax Help Article:

What self-employed expenses can I deduct?

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