3 ms·
> I now rent at cost Be very careful. If you are in the US, you might want to speak to a tax attorney. The IRS treats property rented out at less than fair ma
by quesera 5y ago
> I now rent at cost
Be very careful. If you are in the US, you might want to speak to a tax attorney.
The IRS treats property rented out at less than fair market value as a personal residence.
Your tenants may have to treat the difference as income, and you are not eligible for many of the usual deductions for investment property.
- turtledove 5y agoI have, but that's good advice.