關於HELOC,再請教托尼福版主


及知道如何 deduct the interest expense of borrowing HELOC as a business interest expense,先謝謝了。

有如下情況:

John and Beth Harris start a LLC. John has an HELOC of $150,000 under his name secured by their main home. He has not taken out any proceed from the HELOC yet and now he wants to take the entire proceed out and use it for their LLC for business use only.

In this situation, how does John report the interest expense of borrowing the HELOC as a business interest expense? Can John just take out the $150,000 proceed and transfer the amount to the LLC’s account, and then let the LLC make the monthly payment from its account and deduct the interest as a business interest expense on schedule C?

如上所述,有什麽問題嗎,比如 corporate and personal things are being 'commingled'?

已經查過 pub 936、535、及550,是可以 deduct the interest expense of borrowing HELOC as a business interest expense,see pub 936, 'Choice to treat the debt as not secured by your home' on page 2 . 問題是不知該如何合法操作,請賜教。謝謝!

所有跟帖: 

版主不在,我試回答 -blackjack8- 給 blackjack8 發送悄悄話 (485 bytes) () 07/28/2009 postreply 11:52:14

謝謝回複 -havingfun- 給 havingfun 發送悄悄話 (690 bytes) () 07/28/2009 postreply 14:59:32

John's tax -blackjack8- 給 blackjack8 發送悄悄話 (186 bytes) () 07/30/2009 postreply 12:48:34

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