Re: Client buys new primary residence and puts it into an LLC. He lives in the home. What to do with the mortgage int and property taxes? Add to Sch A, or Sch E or Sch C?

lw06880 · ‎02-16-2022

Thanks. If I report as if no LLC then do these will go into Sch A, with property tax restricted to $10K? If I report as an LLC then they go to Sch C, with no property tax restriction? But given the expenses are related to real estate to they go in Sch E, but then no passive loss allowed?