Investors & landlords

Can you state the precise nature of your confusion?

 

With respect to fair rental value, each day you rent below fair rental value is considered to be a day of personal use (per Section 280A). 

 

In that regard, you would have to report the income you receive from the property, but you would have to report your mortgage interest (if any and allowed) and real estate taxes on Schedule A (if you itemize your deductions).