@TomD8 wrote:
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.
Exactly. It is property held for personal use.
However, it is even more stringent for family members (defined in Section 267(c)(4)). Even if the family member pays FMRV, it is still considered personal use unless the family member uses the property as a principal residence (i.e., main home).
