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3 votes

Medical expenses filed as losses for small business

In the US, LLC is a disregarded entity and has no bearing on your taxes whatsoever. For self-employed, medical insurance is a deductible expense regardless of how the business is legally organized. ...
littleadv's user avatar
  • 177k
2 votes

Augusta Rule, 280a - Can I rent my primary residence to my business if I am a Renter on that property myself?

S-Corp doesn't exist from the IRS perspective. It's all you. The whole point of S-Corp is to be a "pass-through" entity for income tax purposes. As such, S-Corp renting your residence is ...
littleadv's user avatar
  • 177k
2 votes

Augusta Rule, 280a - Can I rent my primary residence to my business if I am a Renter on that property myself?

Your question is a bit unclear but I am assuming you live and rent in a residential domicile and want to claim part of the cost as a business expense. The IRS allows this provided you meet certain ...
Pete B.'s user avatar
  • 76.8k
1 vote

Does temporary lodging qualify as a moving expense for California tax deduction?

I remember when this was something that was also handled on the Federal forms, but that is no longer the case. I am also pulling the quotes from the same document: 2022 Instructions for Form FTB 3913 ...
mhoran_psprep's user avatar

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