Hal_Al
Level 15

Get your taxes done using TurboTax

@DustinVA  said " I don't work for them in any compacity, and renting out my truck is not a business."

 

You are renting out personal property.  You do not need a 1099 to report the income.  As others have said, they MAY give you a 1099.  But that's mostly for their business, not for you reporting your income. 

 

In TurboTax (TT), enter at:
- Federal Taxes tab (Personal in  Home & Business)

 - Wages & Income

Scroll down to:

-Less Common Income

      -Misc Income, 1099-A, 1099-C

       - On the next screen, choose – Income From renting out personl property

          - On the next screen, enter you income and expenses. Note: you do not list your expenses, just enter a total, but not more than the income.  

 

The income goes on line 8k  of schedule 1 and the expenses on line 24b of Schedule 1. 

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