Because the farm is now cash rented, it's supposed to be reported as Rental Property on Sch E; but Turbo Tax is showing "Farm Income and Farm Rental" that I reported last year on Form 4835, and it's showing a loss for this year for that item. I'm guessing it's because Turbo Tax is carrying over the old assets depreciated last year; but I've already reported them on the Rental Properties section. I can't figure out how to get these off. Any suggestions?
posted
January 27, 2023
10:54 PM
last updated
January 27, 2023
10:54 PM