Business Bank account interest and bonuses

[Wilson Liu]

Hi BP,

Closed on my first property with a partner this month!   🎆

We're looking into setting up a business bank account for our two member LLC. There are many bonuses available for business checking accounts that get reported as interest income.

Questions:

Where do you report this interest income on taxes?

Is it considered passive income that can be offset with depreciation of the property or business expenses?

Appreciate any advice! 

Wilson