Can I deduct previous years llc filing reports?
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- Posts: 163
- Joined: Sun May 20, 2012 7:25 pm
Can I deduct previous years llc filing reports?
In 2021, we ended up paying previous years of filing fees/annual reports for 2019 and 2020 because we accidentally forgot to file in those previous years. Can I deduct 2019-2021 on my 2021 taxes? This is a single member llc that I file schedule c.
Re: Can I deduct previous years llc filing reports?
Yes, that would be both an ordinary and necessary business expense.
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- Posts: 163
- Joined: Sun May 20, 2012 7:25 pm