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1098 in personal name; while investment property title under LLC
Hellp BiggerPockets community!
My wife and I are very new to real estate investing. We recently bought an out of state property in TX. Our lender let us put the title of the property under a LLC but the mortgage is in personal name. I am going to be filing a partnership return (Husband/wife) for the LLC with all the revenue and expenses but wanted to understand how to deduct the mortgage interest since 1098 was issued in our personal name.
Hope I didnt make a mistake by structuring it this way.
Any help will be appreciated or if you can point me in the direction of any resources or posts that might have already discussed this.
Thank you!