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LLC Uses SS# of Home Owner: How to Report to IRS?

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Question: 
If you have an LLC secured by a home and the LLC uses the SS# of the owner how do you report it to the IRS?
Answer: 

Do you mean a loan to the LLC secured by a home? Are you referring to mortgage interest reporting? Mortgage interest paid by a corporation (regardless of how it is set up) is not reportable.

http://www.irs.gov/pub/irs-pdf/i1098.pdf

First published on 11/03/2014

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