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Investors & landlords
There was no income this year as he was unemployed. Condo rent charged, if paid, is below fair market value. Previously said the rent was fair market value for area. The -25,000 shows up on line 7a. Are you indicating that it is not a problem and leave the -25,000 as it is on 7a.
Did not enter as other income. Did enter rental as not fair market value.
March 28, 2020
2:05 PM