I guess what confuses me the most is this part:
Publication 527 (page 16)
Not Rented for Profit
Where to report.
Report your not-for-profit rental income on Schedule 1 (Form 1040), line 8i. If you itemize your deductions, include your mortgage interest and mortgage insurance premiums (if you use the property as your main home or second home), real estate taxes, and casualty losses from your not-for-profit rental activity when figuring the amount you can deduct on Schedule A.
This seems to imply that I would need to report the "income", but also would have no place to deduct the home insurance premium/HOA if I itemized, or any expenses if I do not itemized...?
Unless what I'm misunderstanding is that in my situation, it's not "income" to begin with...
