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ericalyn80taxes
New Member

What is the Fair Market Value of Your Rental (Including land)?

Is this the same as the rent I charge the tenant?  Do I enter it as a monthly figure or for all the rent I received in 2016?
1 Reply
PaulaM
Expert Alumni

What is the Fair Market Value of Your Rental (Including land)?

No, this question is referring to the value of your rental unit, not the rent. 

This is usually the purchase price plus any improvements you made that substantially increased its value from the time your purchased the home and the date you placed it in service as a rental. 

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