The IRS requires taxpayers to report all income.If you earned booth rental income in 2016 you should report it on your Schedule C.To enter your rental income:Type in self employed income in the Search box, top right of your screenClick first category Jump to self employed incomeArrive at the Here's the business info we have so far page, click EditArrive at the Your Business page and follow your prompts from there to enter your business income and expensesTo enter business income not on a 1099-MISC, follow the above instructions, then:On the Your Business page, click Start or Update next to Business IncomeOn the Business Income page, click Start or Update next to General IncomeEnter income not designated on a 1099-MISC on the next page, Any General Business Income?

Question

Do i need to claim booth rental as income on my business taxes

Forum|Forum|7 years ago
June 1, 2019
1 reply
0 views

No text available

TurboTax Self Employed Online

M

Marketstar

Employee

The IRS requires taxpayers to report all income.

If you earned booth rental income in 2016 you should report it on your Schedule C.

To enter your rental income:

Type in self employed income in the Search box, top right of your screen
Click first category Jump to self employed income
Arrive at the Here's the business info we have so far page, click Edit
Arrive at the Your Business page and follow your prompts from there to enter your business income and expenses

To enter business income not on a 1099-MISC, follow the above instructions, then:

On the Your Business page, click Start or Update next to Business Income
On the Business Income page, click Start or Update next to General Income
Enter income not designated on a 1099-MISC on the next page, Any General Business Income?