s102906
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Okay to make sure we are on the same page and make things simple. The fair market value is what I should be concerned about regardless of profit. The discount I...
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One last question. IRS Publication 527 has the following caveat on not for profit rental.Presumption of profit -If your rental income is more than your rental e...
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Thank you so much for the reply. This clears everything up and makes sense. I hope this post helps others out who are in the same situation.
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Thank You for the response. Much appreciated.So I should be claiming not for profit rental (personal use). Report income as other. Claim property tax and mortga...
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Thank You😀
Activity Feed for s102906
- Posted Re: Rental below Fair Market Value but still makes a little profit is this still a not for profit rental? on Investors & landlords. December 8, 2024 12:44 PM
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- Posted Re: Rental below Fair Market Value but still makes a little profit is this still a not for profit rental? on Investors & landlords. December 7, 2024 11:22 PM
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- Posted Re: Rental below Fair Market Value but still makes a little profit is this still a not for profit rental? on Investors & landlords. November 2, 2024 4:19 PM
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- Posted Re: Rental below Fair Market Value but still makes a little profit is this still a not for profit rental? on Investors & landlords. November 2, 2024 7:47 AM