Hello all! I’m new to this forum and found it while doing searches for real estate investing information.
I’m about to purchase a multiple unit townhouse with my parents and have a question about LLCs and tax deductions:
If i live in one of the units, and use the property as my primary residence, will i still be able to take full advantage of mortgage interest and real estate tax deductions if the ownership is through an LLC?
any reading suggestions are gladly welcome.
Thanks,
Boyle