With interest rates rising, I am considering borrowing money from my brokerage on margin to purchase a rental property. The property would be owned by a multi-member LLC of which I am one of the members.
I understand that I can deduct margin interest if the money is used for investments in my own name. However, in this case I'd want the margin interest to be a deduction for the LLC, not myself (much as the interest on a traditional mortgage taken out to purchase a rental property would be deducted from the business's income.) Can this be done?
