Many thanks, blackjack8, for your reply havingfun2009-07-31 21:05:35

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.

you are welcome