Should I file as rental, installment sale, or investment on second property?

[booster12b]

Purchased 7/2017 for son in law until he could get loan by himself in 2018.  Bought and set up on contract with him for my protection, a residential land contract.  He decided he wanted out of contract in Dec and signed deed back over to me in Jan.  He paid me $350 a month, which paid property taxes, homeowners insurance, and rest to principle and interest on my loan.  So I made no profit.  For 2017 tax year, how do I file this?

[MinhT · Accepted solution]

You did not rent your property for profit and actually had no profit, so you do not report this as a rental property.

It is considered as a second home for you and you can claim mortgage interest and property taxes on the house in Schedule A - Itemized deductions.