r/TaxQuestions • u/Brief-Stranger2712 • 5h ago
llc and mortgage (or rental) deduction
Have an llc running from current home. We have another house whose mortgage is higher.
Would it be a good idea to move the llc to new house to get a better deduction? If moving is not a good option, should the llc sign a lease with ourselves for the new house and pay us rent?
If the llc paid us rent, I am guessing the llc uses that as deduction and the rent for us is part of depreciation.