Oh man... it seems like most of you believe that:
1. I need to report the income as "other income" on Schedule 1;
2. I get to deduct mortgage interest and property taxes as normal on Schedule A;
3. but I do not get to deduct HOA or home insurance premium as expenses because it is not considered a rental...
It's the last point that hurts me. Because if we're only looking at "other income" on Schedule 1 and the deductions on Schedule A, it would appear that I'm making a profit. But it might be the price to pay for family. And it would mean that there's a 3 year limit for the "Presumption of profit" part of it...
