Closing cost as business expense?
So hopefully planning to buy my first STR. Option A: close the loan under my personal name and get a better interest rate. Then transfer deed under LLC. Option B: close under LLC to begin with but get a little higher interest rate on the loan. Can Option A ( closing under personal name) allow me to use the closing costs as a business expense and be used as a tax deduction for W2 income ( using str loophole)? If Option B ( closing under llc) will allow it then I need to see the difference in interest rate to see if makes sense. Thanks in advance. Faisal