Question 16 of 30 . Nikolaos is an ordained minister. He moved to Indianapolis and lives in the nearby furnished parsonage, which is 1,500 square feet. His previous role was in Washington, D.C.; the fair rental value (FRV) of his parsonage ( 1,800 square feet) in Washington was $18,000 year. How should he determine FRV for the Indianapolis parsonage? Ask the church authorities. They are required to give him the FRV. Reduce the Washington FRV by the size ratio of the new parsonage to the Washington parsonage. Estimate FRV based on other properties available in the area. Consult an Indianapolis realtor for a documented quote with comparable listings for the house