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May a landlord deduct the difference between the low rental charged to a charity and the higher actual fair market rental value of property that is leased to the church?

The landlord in a “bargain” lease is not entitled to a deduction under any circumstances. Even if the landlord gave the use of the property rent-free, the landlord would be unable to claim a deduction.

Dan Busby is a certified public accountant, president of the Evangelical Council for Financial Accountability (ECFA), and the author of the Zondervan Clergy Tax & Financial Guide.