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Old 03-19-2010, 11:35 AM
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is there a penelty for below market value?

We are thinking of buying a house and renting it to our daughter. We do not want to list the rent as income as it would be just enough to cover the mortgage and taxes etc. Is this ok? What about if we did a long term lease, and the daughter paid the taxes and such. Will we penalized for not charging Fair Market Value?



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