To report your rental expense in TurboTax:
· Type in schedule c in the search box, top right of your screen
· Click on the first category Jump to schedule c link
· Arrive at the Your 2017 self-employed work summary page.
· Click on the Edit button
· Arrive at the Here’s your info page
· Click on the Add expenses for this work button
· Arrive at the Tell us about any expenses for page
· Scroll down to Less Common Expenses, click the arrow
· Scroll down to and click the radio button next to Equipment Rental
· Click the Continue button on the bottom right of the web page and follow the prompts and online instructions
You should only deduct the percentage of your rental expense used for business purposes.
