@pattylovelife wrote:
.......I've read that a small rent that is not fair market value from a family member does not go on a Schedule E. nor is this property considered a rental, Is this correct?
Yes. Every day you rent at below fair market value is considered a day of personal use.
The income would be reported as miscellaneous income not subject to self-employment tax and not as rental income (i.e., not reported on Schedule E).
