
Anonymous
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Deductions & credits
even a rental conversion would cause issues in that you would be renting at less than FMV to a related party. so you would still probably end up with a loss on sale that's not deductible.
even more if you are selling at less than FMV you're making a gift to them they should be reported on a gift tax return.
‎July 10, 2020
12:31 PM