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All Forum Posts by: David Kulesia

David Kulesia has started 1 posts and replied 2 times.

I appreciate the input. I didn't know if it would be looked at as a "personal" expense and not a "business" expense. So if I'm understanding your response, the LLC could earn 250,000, spend 50,00 on mortgage payments and pass through 200,000 to my personal taxes. Assuming no other expenses occurred.

My LLC, which generates income from currency investments, wants to buy an investment property. Not for rental, but private occasional use. Will eventually sell it for profit one day. My main question is can the LLC pay the mortgage out of income profits? The purpose is to pay the mortgage basically pre-tax of the income passing through to me.