Does Fair Market Value refers to total value of the rental property or what you rent the house out for monthly?

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Does Fair Market Value refers to total value of the rental property or what you rent the house out for monthly?

It depends on what you're talking about. See this previous TT answer: https://ttlc.intuit.com/questions/2979711-when-entering-fair-market-value-for-a-rental-is-it-entered...

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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Does Fair Market Value refers to total value of the rental property or what you rent the house out for monthly?

It depends on what you're talking about. See this previous TT answer: https://ttlc.intuit.com/questions/2979711-when-entering-fair-market-value-for-a-rental-is-it-entered...

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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