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Get your taxes done using TurboTax
@Mike9241 , thanks, so it means if rent under fair market price it is the worst that we had to report the rent as regular income and expense cannot be used to offset it VS if rent at fair market price that the rent income maybe offset by rental expense, which may be a negative number that does not increase taxable income. my understanding is right? thank you/
March 3, 2024
3:03 PM