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farm
I own a farm but do not actively participate. My cousin farms it and we share crops . I have always reported on form 4835 and transferred to Schedule E. Is this correct?
If you are renting out your farm or farmland and receiving a share of the crops as the payment of the rent, then yes Form 4835 is the form to use to include the income and losses on your Schedule E and Form 1040.
You can see more about Form 4835 here.
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