Disregard post, I figured it out but I cant seem to delete original post...

If entities are disregarded/passthrough, you can keep up with more than 1 in a single QBO account using the location/business feature to keep track of them separately. 

As for the last post by Jeremy H, disregard that, that is uncalled for, everyone makes bad deals.

If entities are disregarded/passthrough, you can keep up with more than 1 in a single QBO account using the location/business feature to keep track of them separately.

You would be operating a single member LLC and presumably opt to treat that entity as a disregarded entity which will be a pass through to your personal return.

From a tax perspective, an LLC is a disregarded entity (meaning it is reported on your personal tax return) until you elect for the LLC to be treated otherwise. 

In a community property state a Husband/wife LLC that does not file a tax return is considered a "disregarded entity" and you could have sold in your names and purchased as the LLC. 

The loan is issued to an individual or a disregarded single-member LLC, as opposed to loans issued to partnerships or corporations. 3.

The IRS cross-references your 1098s with claimed deductions, raising concerns if discrepancies arise.Private Lenders and Forms 1098: Private lenders are required to send Forms 1098, but only if they meet specific criteria:The private lender operates as a “trade or business,” distinguishing professional lenders from casual lenders like friends or family members.The loan is issued to an individual or a disregarded single-member LLC.The loan is a mortgage secured by real property.The annual interest paid on the mortgage was $600 or more for the previous year.The conditions leave some room for interpretation, particularly regarding the “trade or business” clause.

People believe what they want to believe and disregard the rest.