TaxGuyBill
Level 15
07-07-2020
03:34 PM
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299 rental days and they only received $17,000 for that type of property? Is it being rented at Fair Market Value? Something seems fishy to have come up with a loss of $116,000.
And just to confirm, that supposed $116,000 loss is only from this one year?
And please confirm my other question about it being back-and-forth between rental and personal use, versus just being converted to 100% rental or personal use.