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Unfortunately, when you rent below fair market price, the property is considered a "second home". In this case, you would not report any activity under Rental Properties for Schedule E.
See instructions on how to report income and expenses below:
https://ttlc.intuit.com/replies/5898460
Unfortunately, when you rent below fair market price, the property is considered a "second home". In this case, you would not report any activity under Rental Properties for Schedule E.
See instructions on how to report income and expenses below:
https://ttlc.intuit.com/replies/5898460
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