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Ask The Accountant: Live Q&A with Tom Wheelwright

Wealthion - Be Financially Resilient

00:00

Is It Possible to Write Off Startup Expenses Against Your W-2 Personal Income?

A question about LLCs. Can I write off any of the expenses against my W-2 personal income? This is an interesting question, and thank you for asking it,. It depends on if you actually started the business. You start a business when you're available to render services to clients or customers but not when you actually start making money.

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