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Get your taxes done using TurboTax
@NCperson thanks and that CPA is a friend of my friend so i just ask an opinion. i think what he said make sense that it is always assumed that renting a bedroom=rent out common area as well, like if tell tenant cannot go to common area, i donot think anyone will rent it unless price extremely low like $300/mo.
and he mentions i think is very important that it is not what we think make sense, it is if IRS will think it make sense or not as it is difficult to argue with IRS and we not really want to put ourselves in that risk at all.
so do you think reporting this as for profit renting makes more sense? thank you again,
‎June 26, 2022
10:43 AM