I’m spending all my revenues on fb and tiktok ads. I’m worried about taxes

I’m spending all my revenues on fb and tiktok ads. I’m worried about taxes

Vanthang
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Hey guys, I’m spending all my revenues on advertising and I’m wanting to know if I setup an llc, will I be able to write it all off and avoid having to pay taxes on profits I don’t even have because I had spent it all on advertising?

 

Also, I sell online services so I have no product cost. All my cost is just on advertising.

 

Thank you

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