You may find this article "Can You Rent To Yourself?" by CPA Jeremias Ramos helpful.
Ramos explains losses from your self-rental will be passive — and nondeductible — unless you have other passive income so your losses may not reduce income on Form 1040:
"If your expenses exceed your taxable income then you’ll run into passive activity loss limitations. If you don’t have passive income to offset those passive rental losses then chances are you’ll have non deductible losses. Even if you did have passive income there are special IRS rules that prevent taxpayers from benefiting from self rental losses. Therefore, you’ll either have non deductible losses or create taxable income."
