Taxes On A Subject Too, Who Gets To Write???
Taxes on a Subject too?
Who gets to write off the interest on the mortgage, when you have taken over to subject too and put everything into a land trust?
thanks
Taxes on a Subject too?
Who gets to write off the interest on the mortgage, when you have taken over to subject too and put everything into a land trust?
thanks
Mortgage interest is a legitament business expense. It would be reported on your Sch C if the property is purchased in your own name.
markmonroe,
This very question has been discussed thoroughly just recently.
Follow this link.
http://www.thecreativeinvestor.com/ViewTopic20379-23-18.html