2025-01-17 01:58
Here’s one for @themoneycruncher - Most states now require us as professional licensed loan officers to be W-2’d employees, eliminating the opportunity to get paid 1099, thus limiting what can be done with unreimbursed employee expenses. The question is can I collect and report my W-2 income on the 1040, and use my PLLC to account for my expenses of doing business as a loan officer? There is an opportunity that my PLLC would show occasional revenue from a commercial or hard money, but not much.