Hi,
We bought a rental home with some friends, listed only in my husbands name. We then created an LLC to manage the business. It is a multimember LLC so we have to file a 1065. We didn't have much rental income due to it not being used the entire year and the repair expenses, but without the mortgage interest deduction we will owe tax even though we have a loss. Where do I add mortgage interest for the rental expenses on the 8825 if the property is only in my husbands name and not the LLCs?
Thanks!
