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Utah Real Estate Q&A Discussion Forum
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Updated almost 6 years ago on . Most recent reply

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Thor Rasmussen
  • Member since Apr 17, 2018
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Utah Real Estate Q&A Discussion Forum

Accounting tax question

Thor Rasmussen
Posted

I refineanced my personal home to make a down payment on the rental property. I reimburse myself from the LLC each month for the addtional mortage costs. Do i claim that as income? seems to me i am paying myself back not generating new income. Anyone?

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