am in a unique situation-
I have multiple rental properties, some SFD and some small 20 units apartment.
All my LLCs are disregarded entity for tax purposes, so I file them with my own personal tax,
Unfortunately banks are not required to send 1098 to these LLCs. Clearly those huge amount of interests need to be deducted as my expenses against each property of its' loan interests..
IRS does know these are similar to 1098 expenses, but where do I place these interest expenses on my schedule E?
All my interests are applied against the loan, and all amount of loan was to pay the secured loan.
Can this be placed under other interest?
