Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
1031 Exchanges
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago on . Most recent reply
![Sean Carroll's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/748290/1621496609-avatar-carrolls25.jpg?twic=v1/output=image/cover=128x128&v=2)
LLC and business expenses
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.
Most Popular Reply
![Daniel Hyman's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/603515/1722537237-avatar-danielh113.jpg?twic=v1/output=image/crop=1600x1600@400x0/cover=128x128&v=2)
W-2 income and rental income are two totally different animals. Rental income and expenses go on schedule E. Sounds like there may be some type of communication breakdown between you and the tax preparer.
- Daniel Hyman
![business profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/marketplace/business/profile_image/617/1711910895-company-avatar.jpg?twic=v1/output=image/contain=65x65)
My Online Accountant
70 Reviews
5.0 stars