Solved: Taxpayer received W2 and 1099 from same employer. 1099 was for rental of tools to employer. Can a sch C be prepared and best way to reduce self employment taxes?

bernie10 · ‎12-07-2019

George4Tacks · ‎12-07-2019

Rental of personal property can be shown on line 21 (Screen 14, Other Income) and expenses associated with that as an adjustment to income (Screen 24, Other Adjustments, Expenses from the rental of personal property).

Here's wishing you many Happy Returns

View solution in original post

George4Tacks · ‎12-07-2019

Rental of personal property can be shown on line 21 (Screen 14, Other Income) and expenses associated with that as an adjustment to income (Screen 24, Other Adjustments, Expenses from the rental of personal property).

Here's wishing you many Happy Returns

Taxpayer received W2 and 1099 from same employer. 1099 was for rental of tools to employer. Can a sch C be prepared and best way to reduce self employment taxes?

©1997-2024 Intuit, Inc. All rights reserved.

Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

By accessing and using this page you agree to the Terms and Conditions.