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Returning Member
posted Mar 14, 2023 9:53:07 AM

Rental Property LLC & Mortgage Interest

I have the mortgage to a rental property in my name, but the rental property itself is titled to a multi-member LLC (family member and I split 50/50). When filling out form 8825, how/where should mortgage interest expense be documented, since the 1098 from the lender is in my name, not the LLC's. On line 9 Interest or 15 Other? 

 

If line 9, is there anything I need to consider regarding 163(j) for a passive activity like a rental property? 

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1 Replies
Expert Alumni
Mar 14, 2023 1:39:33 PM

The mortgage interest should be reported on Line 9 - Interest of Form 8825.  The fact that the mortgage is in your name is not relevant to where to report the interest.