I have an investment home that is not my primary home.
In 2023 I rented out a room with intention to rent out all 3 bedrooms.
But the deals did not go through so I ended up with one tenant.for the
entire 2023.
This person was the only one in this house in 2023. The rent payment
is about 1/3 of the fair market value as I intended to rent all 3 rooms.
So I have 1 rented room and 2 vacant rooms in 2023.
I think I cannot treat this as a house rental because the rent price is below the fair market value.
But how can I deduct earning and expenses on vacant rooms ?
I do not live in this house so there is no sharing, no percentage of rooms.
But I don't know how to calculate percentage of vacant rooms and
|shared" areas.
Thank you for your advices and pointers to helpful information.
Long,
