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Updated 11 months ago on . Most recent reply

User Stats

27
Posts
12
Votes
Yi Chu
12
Votes |
27
Posts

HELOC or Business Checking Account to buy a property

Yi Chu
Posted

If I use my HELOC fund to buy a property, which of the following two options should I go with from tax or business accounting perspective?

1) make the payment directly from my HELOC account

2) transfer the money from HELOC to business checking account, and then make the payment from my business checking account.

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