TP purchased 2nd home but never lived in it. In fact, allowed his relative to live there for nothing but didnt claim it as a rental. Sold the property earlier this year. TP lived in his own residence home during this time.
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Last edited by AZ-Tax; 06-21-2013, 07:56 AM. -
Use of a dwelling unit by any individual who pays less than fair rental value is considered personal use by the owner. [IRC ยง280A(d)(2)] -
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I believe Bee Kness answered it. Thanks Bees
I believe Bee Kness answered it. Thanks BeesComment
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