☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Mar 14, 2024 7:17:49 AM

1099 - Misc where to apply for Farming ?

I normally use SCH F form every year.

This year I got a 1099 - MISC Box ! Rent form from the Elec Company to add poles to the land they were here 3 months .

My question is where do i apply this 1099 MISC. in my SCF F part 1 line 6 only or do i apply it early in the program?

I did it early in the program now i have a Form 4835 and A Sch F is this Ok?

Plus i have a form 8949 is this Ok ?

 

0 1 652
1 Replies
Expert Alumni
Mar 16, 2024 8:19:23 AM

It depends.  You can add it to the Schedule F, however since it is listed as rent you may want to include it either on Form 4835, Farm Rental or Schedule E Land Rental.  

Enter in TurboTax using one of the following steps:

  1. Open your TurboTax return 
    1. Select Wages & Income or Business Income (TurboTax Desktop) > Scroll to Farm Income and Expenses > Select Farm Rental Income and Expenses > Start/Update
    2. Search (upper right) rentals > Click the Jump to ... link > Continue to add your farm land rental