Please see the directions below to enter your 1099 misc for equipment rental
In TurboTax (TT), enter at:
- Federal Taxes tab (Personal in Home & Business)
- Wages & Income
- “I’ll choose what I work on” Button
Scroll down to:
- Other Common Income
-Income from Form 1099-Misc.
After entering the 1099-Misc, select non-business income from the rental of personal property or equipment
This is "non business" income because you are not in the actual business of renting equipment.