Every year a college basketball tournament is held in Bridgets city. She rents out her condominium during the week long tournament while she goes out of town on vacation. She received $1350 rental income for the week. As her tax professional how do you report this income?

The income and expenses are reported on schedule E

The income is reported on Schedule E but no expenses are allowed because Bridget is not in the rental business

The income is reported on the other income section of 1040, and rental expenses up to the income are decked on sch A

The income is not reported because the property was rented for fewer than 15 days