 Rental Properties ?
When I married I moved into my wifes house. I am renting my house to a friend for less than the mortgage and taxes so I lose money every month but it lets me control who lives on the property beside my Parents.
What I need to know is this,
Should I show the rent as income and is there an advantage to the financial loss if I do??
I think with the variety of people we have here someone can give me some advice....
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