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Updated over 7 years ago,

User Stats

173
Posts
84
Votes
Allan Rosso
  • Investor
  • .
84
Votes |
173
Posts

Do you need an LLC to report business expenses when filing taxes?

Allan Rosso
  • Investor
  • .
Posted

Do you need an LLC to report business expenses when filing taxes?

This is a question I have had for a while, have researched and talked to a few people about it, but I can't seem to get a straight answer on. I even contacted Turbo Tax, but the tax expert was reluctant to "give tax advice".

Along with this, I have a couple other questions:

1. What exactly would be considered a claimable business expense? I own a rental that I had to do some interior work on; patch holes in the drywall, painted the inside, new roof, re-did the outside of the chimney, new carpet in three rooms, and bought a fridge and stove for it, among other smaller things.

2. Has anyone used MileIQ?

I appreciate any, and all advice! Thank you!

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