If parents rent to children at less than FMRV, can expenses up to the amount of rent be taken? If so, what expenses would come off first, deprec?, insurance, taxes, interest?
I understand that if they rent at 20% less it could be accepted because they would probably take care of the property better. Any suggestions?
I understand that if they rent at 20% less it could be accepted because they would probably take care of the property better. Any suggestions?
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