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Tax, SDIRAs & Cost Segregation

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Ryan Bird
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107
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How to pay personal mortgage from LLC account with co-mingling

Ryan Bird
Posted Jul 3 2020, 19:55

I have a personal mortgage for my rental but it's owned by LLC so rents goes to business account. How do I pay personal mortgage using those rents?

I read the below approach online and wanted to see if this is correct and/or if there are other ways without co-mingling and keeping the entities separate.

“Write a check made payable to yourself, and then make the mortgage payment from that account.”

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