Use the steps below to enter another 1099-MISC onto your Schedule C.
To Enter Form 1099-MISC:
1. Select "Business" at the top of the screen
2. Choose "Continue", then "I'll choose what I work on"
3. Select "Start" next to "Business Income and Expenses"
4. Select "Edit" next to your business name
5. Scroll down to “Business Income” and select “Start”
6. Now select "Start/Update" next to "1099-MISC Income"
7. Select "+Add Another 1099-MISC”
Rents From Personal
If you rent out personal property, such as equipment
or vehicles, how you report your income
and expenses is in most cases determined by:
Whether or not the rental activity is a business,
Whether or not the rental activity is conducted
In most cases, if your primary purpose is income
or profit and you are involved in the rental
activity with continuity and regularity, your rental
activity is a business. See Pub. 535, for details
on deducting expenses for both business and
Reporting business income and expenses.
If you are in the business of renting personal
property, report your income and expenses on
Schedule C (Form 1040) or Schedule CEZ
(Form 1040). The form instructions have information
on how to complete them.
Reporting nonbusiness income. If you aren't
in the business of renting personal property, report
your rental income on Form 1040, line 21.
List the type and amount of the income on the
dotted line next to line 21.
Reporting nonbusiness expenses. If you
rent personal property for profit, include your
rental expenses in the total amount you enter
on Form 1040, line 36. Also, enter the amount
and “PPR” on the dotted line next to line 36.
If you don't rent personal property for profit,
your deductions are limited and you can't report
a loss to offset other income. See Activity not
for profit under Other Income, later.
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