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Level 3
posted Apr 1, 2024 10:38:45 AM

Farm Income or Rental Income

If I rent my land and the renter uses the land to raise cattle for his business then do I report the 1099-MISC as rental income or as farm income?

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1 Replies
Expert Alumni
Apr 1, 2024 11:34:26 AM

If you are not actively involved in running a farm, the land rent would be reported on Schedule E for a rental property.