03-24-2005, 03:29 AM
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 Re: 2nd home rented to relative wallace_cpa[at]msn.com wrote: - quote - > Sounds like if you have a second home and rent it to an
Now you're cooking with gas!> immediate family relative at below market value and they use > it as their primary residence, then you have a situation > where you cannot deduct any rental expenses but you also do > not have to claim any rental income. Is this correct? ChEAr$, Harlan Lunsford, EA n LA Mon 21 Mar 2005 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
03-21-2005, 07:18 AM
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| 2nd home rented to relative Sounds like if you have a second home and rent it to an immediate family relative at below market value and they use it as their primary residence, then you have a situation where you cannot deduct any rental expenses but you also do not have to claim any rental income. Is this correct? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| 2nd, home, relative, rented |
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