News for hackers. Stuff that matters.

A comment on Affordable Care. Parent comment

Re:Affordable Care by skizm on Friday January 13, 2017 @04:12PM (#13394748)
If you're spending the money on the business, how can they count it as income? Shouldn't only your salary count as income? (which may very well be 0)
[ Parent | on HN ]
Re:Affordable Care by nodesocket on Friday January 13, 2017 @04:28PM (#13394844)
As far as I understand, while I can write off deductibles my personal and business income is combined at the end of the year since I am 100% owner of my California LLC thus giving my inflated annual income.
[ Parent | on HN ]
Re:Affordable Care by drm237 on Friday January 13, 2017 @04:50PM (#13395011)
Your total income that you would report on your personal income tax return should be your personal salary plus your business profit for a single member LLC.
[ Parent | on HN ]
Re:Affordable Care by nodesocket on Friday January 13, 2017 @05:02PM (#13395128)
Correct that is it, any personal income plus the business profit.
[ Parent | on HN ]