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Updated almost 7 years ago,

Sean Carroll's profile image
Sean Carroll's profile image
Sean Carroll
  • Investor
  • from San Jose, CA
  • Member since Mar 15, 2017
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User Stats

453
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254
Votes
Sean Carroll's profile image
Sean Carroll's profile image
Sean Carroll
  • Investor
  • from San Jose, CA
  • Member since Mar 15, 2017
Connect
Sean Carroll
  • Investor
  • San Jose, CA
254
Votes |
453
Posts
Tax, SDIRAs & Cost Segregation

LLC and business expenses

Sean Carroll
  • Investor
  • San Jose, CA
Posted

I am sitting here at HR Block and they are saying I can no deduct my LLC business expenses from my 2017 W2 income, is this correct or no?

Essential I have 1 rental that brought in $8750

But between all my expenses I am seeing a total loss of approx. $17,000 between flights, office supplies, ect. 

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