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 ]
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.
Re:Affordable Care
by nodesocket on Friday January 13, 2017 @05:02PM
(#13395128)
Correct that is it, any personal income plus the business profit.