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January 23, 2020
Question

Can You deduct the same amount as DBA or as an LLC ?

  • January 23, 2020
  • 1 reply
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1 reply

ColeenD3
January 23, 2020

If you are a Sole Proprietor, it does not matter whether or not you have an LLC when it comes to the taxation of your profit. A single member LLC is taxed just like any other Schedule C. You would have to choose to be taxed as a Corporation or take on a partner to file as a Partnership.