michele
Level 7
03-14-2022
12:53 PM
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I don't believe there is a rental agreement they are just charging her $400 month since she was allowed to stay. So my feeling is not to put depreciation on since I would not classify it as a true rental. I look at it almost like related party deal although she is not related. I don't want to do it just as income forcing them to pay on that income so may just leave it as a rental with no depreciation.