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    taxguy Posts: 1, Reputation: 1
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    #1

    Dec 17, 2010, 11:27 AM
    Imputed rental income
    A foreign citizen purchases a residential property in the US to be used as a second home. It is set up so that the property is owned by a C corporation and rented to the individual for $10 per month. Can the IRS impute a fair value rental income taxable to the corp?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Dec 17, 2010, 02:35 PM
    Yes, absolutely!
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