Entering expenses for not for profit rental

[user17760492085]

I am renting my townhome for under fair market value.  Turbo tax said since it was not rented at fair market value, it is considered a not-for-profit rental. I was directed to enter the rental income under other reportable income --which I did.  I was also directed to entered rental expenses under deductions and credits.  I understand the rental expenses cannot exceed the rental income I received.   Where do I enter the rental expenses under deductions & credits? 

[MaryK4]

Because this is a not-for-profit rental, your expenses are considered "hobby-like" expenses. Under current tax law (the Tax Cuts and Jobs Act), most of these expenses are no longer deductible on your federal return, even though you must still report 100% of the income.  For tax years 2018 through 2025, the IRS has suspended the deduction for "miscellaneous itemized deductions," which is where not-for-profit rental expenses (like repairs, insurance, or utilities) used to be reported.

However, you can still deduct the mortgage interest and property taxes if you itemize your deductions.

[user17760492085]

Thank you for your reply. 😀