The main reason that I set up the LLC is for the liability protection purpose. For legal purpose, in order to demonstrate LLC exist separately from myself, can ...
Thanks George! I understand the basis of property. For loan cost, it was my mistake on the wording. Correct, I don't depreciate loan. I should amortize the loan...
Thanks for all the responses. Yes, refinancing was with a different lender; I will deduct unamortized loan cost of property A on 2021 return.Refinancing cost 20...
