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Investors & landlords
Simple ... it was rented or rentable the entire year at fair market value ... the fact that they stopped paying and it needed repairs is immaterial for this matter and naturally reduces the income reported on the Sch E. And the IRS expects variations in the occupancy rates so don't worry about that ... just keep good records if the return is ever audited.
‎September 2, 2019
4:26 AM