I just recently moved as was going to fix up my previous home to rent
Really did not need much to do on it. A family member fell on hard times so i agreed to
rent it to her for 500 until things got better for her. I know TT expects you to get fair market value for your rental
i just need to know if i can just report the amount i rented it for (8 months X500 per month =4k) i am basically
renting for the insurance and taxes and utilities for now.Will I be allowed to just claim the 4k and deduct rental expenses (Insurance Taxes Utilities Depreciation ) without getting FMV for rent
