Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
I
iogen70
April 5, 2024
Question

Is Delaware's LLC Tax Deductable?

  • April 5, 2024
  • 2 replies
  • 0 views

Hello everyone:

 

I own a single member LLC that is both registered and located in Delaware. Each year I pay a $300 LLC tax. Can I claim this $300 tax as a business deduction on my Federal taxes?

 

Thank you in advance.

Chris

2 replies

A
Anonymous_
April 5, 2024
@iogen70 wrote:

Can I claim this $300 tax as a business deduction on my Federal taxes?

Yes. Single-member LLC filing a Schedule C: Line 23 - Taxes and licenses.

P
PaulaM
April 5, 2024

Yes, you can claim the LLC registration fee as a business deduction each year. 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    I
    iogen70Author
    April 5, 2024

    Thank you @PaulaM.

     

      TurboTax Expert Assist
      TurboTax Expert

      Get answers to all your tax questions

      Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

      Terms & ConditionsCookie settingsAccessibility statement
      Intuit
      TurboTax Credit Karma QuickBooks MailChimp

      ©1997-2022 Intuit, Inc. All rights reserved.
      Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
      of Intuit Inc. Terms and conditions, features, support, pricing, and service options
      subject to change without notice.

      Security Certification of the TurboTax Online application has been performed by
      C-Level Security.

      By accessing and using this page you agree to the Terms of Use.

      Accessibility

      Manage Cookies

      TRUSTe nResult Certified e-File C-Level Security Certification