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Updated over 7 years ago,
refi LLC owned property
Need some good advice here. I have a Single Family home for rent in my LLC which is paid in full. I want to refi but I need to quick claim it to my personal name. I can then refi it as an investment at 4.65%, my question is how can I deduct the interest of the loan either personally or thru the LLC? Is it worth it to do the refi if I can't deduct the interest on my taxes? Any help in this area would be greatly appreciated.