Renting To Family .... Income, Taxes, Depreciation..?
I am buying a property in NJ and renting to my daughter and husband. My accountant said the IRS frowns on claiming depreciation on any property rented to relatives even at market rates. Is there any way I can treat this property as an investment without running afoul of "the man"..Would a LLC make this an investment even though I rent to family????......How about a "rent to own" does this make any difference? I am paying cash so no bank is involved. Life is not simple ....thanks in advance, frank 
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