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Coin Revenue from washers and dryers - schedule C?

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    Coin Revenue from washers and dryers - schedule C?

    Income from washers and dryers located in rental units - primary business is the renting of housing - gross income from the operation of the washers and dryers is .3% of total rents - is the washer and dryer income subject to SE tax?

    Thank you.

    #2
    Coin Revenue

    Is the revenue based on rental of the space for the laundry machines - or based on
    gross receipts from coins in machines from users?
    Uncle Sam, CPA, EA. ARA, NTPI Fellow

    Comment


      #3
      I would call it other income on the rental Schedule and depreciate the equipment. It is a service provided for the rental units.
      Believe nothing you have not personally researched and verified.

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