USA Non Reimbursed receipts for Schedule K1

[mrjazznazz]

I have an LLC and receive a Schedule K1. I have have purchases that are write off's however the business doesn't reimburse me for. For example, Im in the entertainment business and I can write off streaming platforms and concert tickets and categorize as research; however, I don't have my my business reimburse me for the subscription etc. If I provide my CPA with these receipts, how does it affect me? I have two partners - does it lower my "distribution" and change my personal tax position? Of is it better to have my own LLC and run these write off's through that?

Thanks so much for any input.

- Jay

 

[BIG E]

Ask your CPA

 

[mrjazznazz]

What an informative forum this is...