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Deductions & credits
The previous responses are correct except you cannot report this property as a rental; every day you rent to anyone at less than fair rental value is considered a day of personal use. IRC §280A(d)(2)(C)
Therefore, you are restricted to deducting property taxes and mortgage interest on Schedule A as itemized deductions, subject to limitations. See https://www.irs.gov/instructions/i1040sca
January 31, 2020
6:06 PM