Previous home owner stayed 2 months with payment after closing, What kind of income it is?

[gryphusone]

So after we bought new home, we agreed with previous owner to stay 2 more months and they paid for them. My question here is that when doing the tax return, how do I report this income ? Is it rental? Lease ? Or something else ?

Thank you ! 

[Opus 17]

Usually such payment is for the amount of the mortgage.  If you are not renting at fair market rate (what you would charge an unrelated person for a standalone lease), then you can't deduct any expenses that are more than the payment.  So if you did report it, the payment would be income exactly offset by the mortgage payment, with no further deductions allowed for other expenses or depreciation.  A lot of paperwork for nothing.  So I would just ignore it.