Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

Account Closed
  • Oakland, CA
58
Votes |
133
Posts

need help:which form report commercial loan deductible interest?

Account Closed
  • Oakland, CA
Posted

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!

Loading replies...