Paying down Mortgage and the IRS view

[Peter Schuyler]

I think I know the answer to this, but if I want to reduce my passive income, is paying down the mortgage via extra principal payments reduce my passive taxable income or is it viewed basically as profit? (this is inside my REI LLC)

[Christopher Phillips]

@Peter Schuyler

Extra payments each month will go to principle, which has nothing to do with taxes.