@TurboTaxPatriciaV Thank you! I trust the professionals but just want to make sure this option is safe without paying penalty to IRS, as I did not see IRS refer...
Can you share any IRS reference for option #1, which states we can "Treat this as a reduction in the purchase price". Searched around Publication 527 Residentia...
@Carl Sorry and thank you. Got the answer. See this post: <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/3383082-rent-back-post-settl...
Can you share the IRS reference for option "subtracted from the cost-basis"? Searched around Publication 527 Residential Rental Property and only see the option...