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Generally, bartering income is entered as self-employment (business) income. You're able to deduct any expenses you incurred in earning bartering income.
You may be able to use the IRS Free File delivered by TurboTax website.
We'll automatically complete Schedule C or C-EZ when you set up your self-employment work in TurboTax or when you enter what the IRS considers self-employment income.
To set up your business and enter your bartering income:
Source: TurboTax FAQ
Rent for what? A vehicle? Your residence? A peice of equipment you paid rent for so you can use it for something? (For example, you rented a pressure washer)
If it's rent you paid for your residence, 2nd home, vacation home, you enter it nowhere on the federal return. It's not deductible.
If it's rent you collected for real estate that you own, then you enter it as rental income on SCH E as a part of your personal 1040 tax return.
If it's rent you collected for a vehicle or equipment that you own, then it gets entered on SCH C as a part of your 1040 tax return.
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