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Investors & landlords
Yes, you should include the income and the interest on Schedule E, but because you rent to relatives it can be tricky.
- You must charge a fair-market rent.
- To prove the rent rate is fair, you can get information from places where similar properties are listed for rent, such as Craigslist.
- You can also get a rental appraisal from an independent appraiser or a realtor.
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‎February 3, 2022
5:24 AM