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Updated 11 months ago,
Tax deduction if LLC owns property
First time investing into real estate. I am in the stages of purchasing a property with a traditional loan, then transferring ownership to an LLC to protect my personal assets.
Once the home is under the LLC Ownership, am I able to deduct expenses/mortgage interest payments from my own personal W2? I am currently employed.
Once the home is under the LLC Ownership, am I able to deduct expenses/mortgage interest payments from my own personal W2? I am currently employed.