Hello, if the fair market value for a rental in my area is $1261 but we only charge $850 where do I report the difference

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Hello, if the fair market value for a rental in my area is $1261 but we only charge $850 where do I report the difference

There is no such thing as lost rent.

You have income (rent) and expenses.

You don't report what you don't get.

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Hello, if the fair market value for a rental in my area is $1261 but we only charge $850 where do I report the difference

There is no such thing as lost rent.

You have income (rent) and expenses.

You don't report what you don't get.

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