@Anonymous_ thanks for that clarification. I did not realize "related party" was that limited.
references: https://www.law.cornell.edu/uscode/text/26/267
https://www.castroandco.com/blog/2019/february/section-267-b-1-related-family-members/
I have revised my reply above and also added a comment about "personal use" and the ability to deduct a loss.
