Carl
Level 15

Deductions & credits

It seems apparent to me that you would not be renting the property "for profit". After a number of years (3 to 5) the IRS may see this as hobby income. While hobby income is reportable and taxable, any expenses associated with that income are not deductible.

If it does qualify as rental income, then it would most likely be reported on SCH E and not SCH C.