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Taxes - Interest Deduction from Real Estate
Old 02-16-2009, 11:48 PM   #1
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Taxes - Interest Deduction from Real Estate

Does anyone know if I still get all the same tax benefits from owning a property (deducting interest) on my personal taxes if it is in the name of an LLC that I am the sole owner of? It is still for my primary residence and is the same in all other respects. Thanks for any insight.
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Old 02-19-2009, 09:51 PM   #2
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Did you ever find a definitive answer to this? If so, can you point me to the supporting IRS documentation?

I was wondering the same thing; and, this was the only post I found on this board that seemed relevant. I seem to remember reading fairly recently that federal tax laws had been changed a few years ago to allow exactly what you are describing; but, I have not started digging through the IRS publications to verify this yet.
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