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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 9

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...🤓👍