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Old 12-30-2008, 07:27 PM
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Join Date: Dec 2008
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Rental Income - Below Market Value

Hi,

I have read a definition for "Personal use" of a residential dwelling, as including situations where the house is rented for well below market value.

In this case of "personal use," would I then be able to write off the interest expense on this home, and call it a "second home?"

Thanks for your replies.



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