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I Do not own my home, i rent it. why do i have to enter fair market value?

 
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2 Replies
ColeenD3
Expert Alumni

I Do not own my home, i rent it. why do i have to enter fair market value?

Where are you being asked this question? Are you sure it is not asking about Fair Rental Value?

Carl
Level 15

I Do not own my home, i rent it. why do i have to enter fair market value?

Rent you pay for your primary residence has never been deductible on a federal tax return. I can only guess that you are working on a state return. If so, you need to identify what state.

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