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Dragan is an ordained minister. He moved to Memphis and lives in the nearby furnished parsonage, which is 1 , 5 0 0 square feet.
Dragan is an ordained minister. He moved to Memphis and lives in the nearby furnished parsonage, which is square feet. His previous role was in Philadelphia; the fair rental value FRV of his parsonage square feet in Philadelphia was $year How should he determine the FRV for the Memphis parsonage?
Consult a Memphis realtor for a documented quote with comparable listings for the house.
Ask the church authorities. They are required to give him the FRV
Reduce the Philadelphia fair rental value FRV by the size ratio of the new parsonage to the Memphis parsonage.
Estimate the fair rental value FRV based on other properties available in the area.
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