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Deductions & credits
@delan168 wrote:
....my rental is below fair market value, so not-for -profit. I still need to report it in "Miscellaneous Income" section....
"Below fair market value" and "not-for-profit" are not synonymous. If you are simply renting a room to a family member, you might want to treat the "rental income" as a cost sharing arrangement and not report it at all.
‎July 13, 2020
2:49 PM
363 Views