Rental to relatives less then Fair Market Value

[Jeter2016]

Hi everyone,
If rental property is rented to relatives below FMV am I correct that you list the income and then take the expenses up to the
rental income, leaving depreciation as the last deduction on the Schedule E.
Also if you do not use the full amount of interest and taxes and you carry the balance over to schedule A.
I believe this is how it is handled just need to confirm that I am interpreting it correctly.
Many thanks everyone,

[taxea]

If you rent to anyone at less than FMR it is considered personal use. No depreciation. Income on Ln 21 and personal expenses that qualify to amt of income on Sch A.

[nofear3boys]

I agree with that, and I know real estate taxes and interest go on the appropriate line on Sch A, but if you have other expenses, like repairs or utilities, what line on Schedule A do your report those? I know it is only up to the rental income.