VA Resident, rent NC 100% of the time. TT shows FMV of $1285 I rent my home out at $1100. Is this really below, and how/where do I deduct mort. int. repairs mngt... etc

[DianeW · Accepted solution]

No, if you know that similar homes are being rented close to the rate your are charging for the same type of home you can indicate you are renting at fair rental value.  This is a subjective value based on all the facts and circumstances for your particular rental home.  TurboTax is providing a guide of averages. Deduct all of your expenses through the rental activity. Use the instructions below.

https://ttlc.intuit.com/replies/3288530

[thomasspink]

Thank you, that’s exactly what I was looking for!

[DianeW]

@ You're welcome.