hillsboro15269
Level 4
02-19-2020
12:27 AM
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There's this special deal called "renting for less than FMV." I've seen it more for businesses renting to non-profits, although it also happens when family members rent to family members.
I haven't done one in Pro Series yet, but I'm guessing it's pretty straight-forward, once you figure out what you're doing.
Check out IRS Pub. 527 for more info. Happy Taxing 🙂