Report the income and then deduct the expenses on schedule E.
What you are NOT allowed to do, because you have "personal use" is claim a loss from this activity, to offset other income. Because of the "personal use rule", your deductions are limited to your income. Net effect is usually ZERO.
TurboTax (TT) does not handle this properly. TT will not limit your deductions to your income. You have to do that manually. TT wants you to enter this as a “not for profit rental”, which does not use Schedule E and puts your expenses on Schedule A (itemized deduction). I'm of the opinion that's not the proper way.
