- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 2, 2022
7:00 PM