This digital document is an article from The Tax Adviser, published by American Institute of CPA's on June 1, 1992. The length of the article is 407 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: The Tax Court has decided that property rented below fair market value (FMV), even if to unrelated persons, can qualify as personal use thus limiting possible deductions. This decision signals that the rental of property to relatives may come under close scrutiny by the IRS if rented for less than FMV. Deductions on these arrangements may be disallowed.
Citation Details
Title: Renting below FMV may result in lost deductions due to vacation home rules. (fair market value)
Author: Philip J. Wiesner
Publication:The Tax Adviser (Magazine/Journal)
Date: June 1, 1992
Publisher: American Institute of CPA's
Volume: 23 Issue: n6 Page: 343(2)
Distributed by Thomson Gale
Renting below FMV may result in lost deductions due to vacation home rules. (fair market value): An article from: The Tax Adviser
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Book Details
PublisherAmerican Institute of CPA's
ISBN / ASINB00091XK6G
ISBN-13978B00091XK66
AvailabilityAvailable for download now
Sales Rank13,426,719
MarketplaceUnited States 🇺🇸