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Fair Market Rent Question: How to Make Adjustment
Inside the rental expense section, TurboTax writes: "You may not get all the deductions you deserve if you're not charging fair market rent for your area." The only screen I saw related to this, prompted me to add the number of days it was used as a rental (out of 365) and how many it was used for personal use.
Is the "fair market rent" being automatically calculated, simply by adding those days? This was unclear to me.
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‎April 5, 2018
6:13 PM