My Trade Guide

You may not realize this, but many wealthy individuals use LLCs to invest. Registration: Mar 31, Simply holding investments in an LLC is not owning a business.

But in this case, you could use the interest as an expense item for operation of the rental property on Schedule E. Pays for itself TurboTax Self-Employed : Estimates based on deductible business expenses calculated at the self-employment tax income rate Savings and price comparisons based on anticipated price increase.