Deductions & credits


@mikeceleski wrote:

charging her fair rental price (according to an online real estate zip code tool). I reported it all as income, but am setting aside some of her monthly payment as a credit toward her purchase.


If you are reporting that as rent, that is not a credit for the purchase.  If it a credit for the purchase, that is not rent and you may not be charging Fair Market Rent, which may mean your "rental" deductions are invalid.