Tax Question for Rentals

[Cheree Harris]

Applied and was approved for a guidance line of credit in my personal name before starting a real estate business with another party. Closing on the home next week but payments will be made to lender from company account. Since the loan is in my name do I file taxes for the rental property on my personal tax form or the business??

[David M.]

@Cheree Harris

I’m sure if you realize, but you haven’t given us enough info.  That’s why Wayne and Basit are asking questions.  How you’ve setup your business and how you operate/fund it are crucial to answering your question (and to maintaining your corporate veil)