https://ttlc.intuit.com/community/business-taxes/discussion/can-i-deduct-interest-expense-on-llc-equity-loan/01/176952#M5744 <P>my wife and I own a rental property using an LLC, In 2018 we took a loan ( for personal reasons) on the equity of the property, is the interest expense deductible in the 1065s?&nbsp;</P><P>Thanks,</P><P> <BR /> </P><P>Peter</P> Sat, 01 Jun 2019 15:49:37 GMT raquelin2018 2019-06-01T15:49:37Z https://ttlc.intuit.com/community/business-taxes/discussion/can-i-deduct-interest-expense-on-llc-equity-loan/01/176952#M5744 <P>my wife and I own a rental property using an LLC, In 2018 we took a loan ( for personal reasons) on the equity of the property, is the interest expense deductible in the 1065s?&nbsp;</P><P>Thanks,</P><P> <BR /> </P><P>Peter</P> Sat, 01 Jun 2019 15:49:37 GMT https://ttlc.intuit.com/community/business-taxes/discussion/can-i-deduct-interest-expense-on-llc-equity-loan/01/176952#M5744 raquelin2018 2019-06-01T15:49:37Z https://ttlc.intuit.com/community/business-taxes/discussion/yes-if-the-interest-from-the-loan-is-being-paid-by-the-l/01/176955#M5745 <P>Yes, if the interest from the loan is being paid by the LLC, it would be reported as interest expense on the 1065.&nbsp;&nbsp;</P> Sat, 01 Jun 2019 15:49:38 GMT https://ttlc.intuit.com/community/business-taxes/discussion/yes-if-the-interest-from-the-loan-is-being-paid-by-the-l/01/176955#M5745 WillK 2019-06-01T15:49:38Z