jy: Gracias,

yes, yes, if no S-corp, all expense can be counted but if expense is more than income, it becomes loss and can not do much about it.

I accumulated a lot loss and accountant asked me to open a S-corp. Does it mean i can deduct those loss? My impression is Yes and is going to talk to accountant soon to open a S-corp.

所有跟帖： 

• the answer is still NO, passive income can't offset personal inc -jy101- ♂ (102 bytes) () 04/29/2009 postreply 05:29:02

• S corp is not a good idea. You get yourself into self employment -borisg- ♀ (62 bytes) () 04/29/2009 postreply 06:35:41

• I think self employment tax only occur if you 1099 yourself -jy101- ♂ (0 bytes) () 04/29/2009 postreply 06:52:05