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How do I fill out Fair Rental Days & Personal Use Days on a Schedule-E if I received rent income but ALSO live in the shared space for all year? Unique situation.
I have a significant other (not married) than prefers to pay me a set amount each month for rent, and I pay for all improvements and repairs, basically like a landlord, if anything comes up. We live in a single family home in a shared space. There's no mortgage, and the home is solely mine. We do split the utility bills etc, and I plan on claiming no deductions. It's simply a situation where she prefers to pay a certain amount for her and her child to live here, and I guess that makes things easier for her. This qualifies as rental income as if I rented a room, but it's not a set area of the home, and I have no idea how to file that on a Schedule E. Would I put 365 days for both FRD and PUD? I benefit from claiming the rent so I'm not looking for loopholes or alternatives, I simply want to know how to fill out the Schedule E correctly in this situation.