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IRS Question About People Who Renting to Relatives

Category: Profession Jokes » Accountants

Caller: "What does the law say about people who are renting to relatives and taking a loss on the property?"

IRS: "You are required to charge them fair market value."

Caller: "It's very fair. If we rented to someone else we could get a lot more."
Sent by: JOKELO on Oct 16th, 2007 Rating: 3.00 (1 votes)
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