Tax Deductible?

3 Replies

Wanted to reach out to any investors out there and ask about items that may be tax deductible. I recently sent up my LLC, bought a new computer (for business purposes of course), joined my local REI Association, and am about to become a Pro member in BP. Would these items be a business write off on the coming years taxes?

I believe they would be a write-off for tax year 2015 (whatever date that you paid for them). You wouldn't have had to, but since you set up an LLC it may look more legit to the IRS to write them off. Legal fees, business equipment, and membership dues all sound like common business expenses to me