Does the fair rental price section apply to my situation if I rent my home to my cousin?

[LindaA · Accepted solution]

Yes, it applies to all rental situations, including your situation. Any day you rented your home to anyone, including your cousin, for lower than fair rental price is considered a day of personal use, and the deductions for these personal days are limited. TurboTax uses the information you provide to determine the correct amount of rental deductions for your situation.

For more information, see IRS Pub 527, Residential Rental Property.