Thx TurboTaxKrisD! Really helpful. A couple of follow-on questions on this rental
Have family member that may decide to move into the home 1 year from now. If I decided not to rent out in the interim (2019, avoid the headache of brief rental), I should be able to continue to suspend 2019 losses right?
If the family member decides to live there, (say Jan 2020), is the proper tax filing for them to pay fair market rent? I can of course gift them $ annually ($15k without gift tax return, higher with gift tax return and deduct life-time exemption ) to help.
