Anyone who can help me understand what I can/can’t do with LLC tax code?

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Posting as :
works at
You are currently posting as works at

This may provide some insight-also feel free to DM for more details on LLC deductions.

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helpful

Might need to be more specific

Agreed. What is the specific question?

Just wondering what is actually “deductible” i guess more so I’m regards to entertainment…i.e sporting events are not deductible but what if it is not for a client to discuss business but the actually point of business? Would only travel and food be deductible? Or does the admission become deductible in this scenario

How is this a SALT question?

Ok. Then I guess you don’t care about finding your answer. You’re not going to find your answer here since you’re asking SALT people federal tax questions.

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Nothing entertainment related is deductible, even if it’s your ordinary course of business.

I work on a private equity sports fund and they try to expense every “client” meeting when they go to games/events, we M-1 out almost all expenses.

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