below fair market rent – The Burns Firm – Advisors of Complex Financial Matters

Renting to a Relative? Watch Out For Tax Traps

January 12th, 2023|Categories: Accountant, Accounting, Burns Firm, CPA, CPA near me, Dallas CPA, Rental Property, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, The Burns Firm|Tags: below fair market rent, cpa near me, Dallas CPA, expenses and rental property, Renting to a Relative, tax on rental property, tax traps when renting to a relative, The Burns Firm|

If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown of the rules Renting [...]