4 ms·
Anything you or your wife buy for you wedding is not tax deductable. Anything a corporation, LLC, or company buys can be treated as an expense as a consumable.
by rplst8 13y ago
Anything you or your wife buy for you wedding is not tax deductable.
Anything a corporation, LLC, or company buys can be treated as an expense as a consumable. I'm not sure what revenue the LLC would have, so it would probably take a loss, which then can be written off on personal taxes as "income/loss from a business."
That's my guess.
- uvdiv 13y agoNo such thing. IRS won't let you reclassify personal consumption as business losses just by creating an LLC for it: https://en.wikipedia.org/wiki/Internal_Revenue_Code_section_183 https://en.wikipedia.org/wiki/Internal_Revenue_Code_section_... ("hobby loss rule")