@Critter-3 ， thank you, actually i talked w/ the CPA my friend hired, what he said is to consider rent under fairmarket is comparing 1 bedroom rent vs fair market 1B price, say total for a 3B TH is $3600, then even if only rent out 1 bedroom, it still comparing your rent vs $3600/3=$1200. not $3600/number of people because tenant only rent 1 bedroom no matter how many bedrooms in the house. and it needs to be significant lower like $800 vs $1200. so the CPA said since i charged $1300, that is about fair price and very difficult to argue.
so CPA still think it had report as for profit renting, because using square foot method (10%) to divide expenses, there is a well income like $5000, so it cannot even report as for no-profit purpose.
that is why based on this, i am asking can i use other methods for expenses can result a higher deduction, 10% is basically nothing!
thanks.
