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Investors & landlords
Property rented to a family member (or anyone else) below FMRV is not considered rental property by the IRS, and income and expenses are not reported on Schedule E.
https://www.irs.gov/newsroom/know-the-tax-facts-about-renting-out-residential-property
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
‎February 3, 2022
9:38 AM