MBooks-Tax
Level 3
04-25-2021
02:29 PM
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Business property is in the name of the SMLLC owner. Owner takes out loan secured by business property
Edited: For some reason, my entire question was not posted. Here is more information: The business property is in the individual's name. The loan was also in the individual's name but the proceeds were used exclusively for business operations & the owner received a 1098 reporting the interest.
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