Skip to content
Tax, SDIRAs & Cost Segregation

User Stats

9
Posts
3
Votes
Alec Knorr
3
Votes |
9
Posts

1098 In Individual Partners

Alec Knorr
Posted Jan 25 2021, 13:43

I have an LLC with four partners. We've buying properties in one partner's name and then quit claiming the deed to the LLC after purchase. However, the 1098 is still being sent in the partner's name who bought the house. Is the LLC able to deduct the interest payments from the 1098 even though it is being sent to the partner in the partner's name?

Loading replies...