When you lend your HELOC to your LLC, you will receive a 1099-int from your LLC and a 1098 from a bank where you took the HELOC out.
One of the options you could use to report above on your personal tax return, is by using your schedule C.
Thanks a lot for willing to help.
Many thanks, blackjack8, for your reply
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you are welcome
-blackjack8-
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07/31/2009 postreply
20:28:00