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Investors & landlords
all mortgage payments as cash distributions to the owners.
Did you mean to say mortgage *interest* payments? The mortgage payment itself is never deductible on any tax return. Only the interest is deductible as a business expense, and that's it. So if "mortgage payments" were made to the members, those are "in fact" cash distributions to the members.
‎February 20, 2020
12:50 PM
2,929 Views