tamurack
Level 2
12-06-2019
11:24 PM
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Just to clarify. If it is not a fair rental amount, then he would need to declare the income but not take any of the expenses except as a second home and not do a schedule E? If it is a fair rental amount, then he should be able to take the other expenses other than taxes and interest such as mileage, HOA, insurance, etc? Thank you again for your assistance!