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On what form would you put rental of school buses

Linda7
Level 1

My clients drive school buses, they own 4 buses. Two of the buses are rented out to private schools.

Which form would you claim the expenses and 1099-Misc on.

 

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jeffmcpa2010
Level 8

https://www.irs.gov/taxtopics/tc414

Personal Property Rentals

 

  • Report income and expenses related to personal property rentals on Schedule C (Form 1040) PDF, if you're in the business of renting personal property.

 

PATAX
Level 11

In my opinion Jeff is correct .... It is reported that way because partly based on what you implied, i.e. the rental is carried on regularly and continually, like a business subject to self-employment tax.. just the humble opinion of a nerd...🤓👍