I own my 3 BR home and have started renting out my 2 other rooms at a pretty low rate (rent is 600, local area 1 BR appts go for 950+).
Doesn't sound like a low rate to me. If I can rent a 1BR apartment for $900-1000 a month, and only rent one bedroom in your house for $600 a month, that sounds like FMRV hands down. I am assuming you are renting each room for $600 apiece. So there's no question in my mind that your intent is to make a profit. If so, then you need to report the rental income.
You'll do so in the Rental & Royalty Income (SCH E) section of the program. If you work it through and read the small print, it's a piece of cake. When you have questions, please post back and ask. The small print means everything. There is a difference between "select the one that applies" and "select all that apply". So attention to detail is important.
