Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago on . Most recent reply
need help:which form report commercial loan deductible interest?
Hi,
My 7 property are under the same LLC (single-member LLC, 100% ownership).
Therefore, I will report the LLC under my personal tax return.
I have a commerical portfolio loan of 7 rental properties.
One single loan on 7 condo.
The 7 properties income and expenses are report in schedule E.
Which form do I report the commercial loan deductible interest?
Schedule E or Schedule C?
It would be hard to report it on schedule E, because one big loan interest on 7 properties. I cannot divide the total interest by 7 properties.
But if I report it in schedule C, it looks a bit strange to me.
95% of the 7 properties income and expenses are report on schedule E.
The only two fields in schedule C would be the business license fee and commercial loan deductible interest, without any rental income.
(All rental income are report in schedule E.)
Is it a little bit rare?
Thanks alot for your help!