George4Tacks
Level 15
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If it is a rental, then Schedule E. If it is just a primary home, then normal Schedule A entries for taxes and interest. 

I am curious as to the logic of doing this? LLC is for protection of assets. Wouldn't a bigger liability insurance coverage be more cost effective? Does IRC 121 exclusion exist? Is the lender going to get excited because of a change in title? 


ex-AllStar