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rent a room to friend at less than fair market price?
Hi here,
i have a question that i rent a room to a friend in my primary residence house at a few hundreds less than fair market price for 6 month, because he is new to the area and was not be able to find a room at the time, so it is kind of a help. so the question is do i need to report this income in tax return?
March 2, 2024
9:12 PM