AliciaP1
Expert Alumni

Investors & landlords

It depends on the ownership structure of the LLC.

 

If the LLC is a Single-Member LLC you do not report the personal use of the home as any type of business deduction.  If you hold a mortgage on it, you may enter the interest and property taxes as personal deductions.  

 

If the LLC is a Multi-Member LLC you have other tax-related situations regarding using the LLC asset as a personal asset and that would be handled through your K-1 received from the filing of the tax return for the LLC.

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