2 ms·
As far as I understand, while I can write off deductibles my personal and business income is combined at the end of the year since I am 100% owner of my Califor
by nodesocket 10y ago
As far as I understand, while I can write off deductibles my personal and business income is combined at the end of the year since I am 100% owner of my California LLC thus giving my inflated annual income.
- drm237 10y agoYour total income that you would report on your personal income tax return should be your personal salary plus your business profit for a single member LLC.
- nodesocket 10y agoCorrect that is it, any personal income plus the business profit.