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paid out to partial owner where do i put 1099-misc for money paid out

I used a 1099-misc to show i paid a co-owner her portion of farm rent. where do i input this 1099-misc for money paid out

 

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Accepted Solutions
ColeenD3
Expert Alumni

paid out to partial owner where do i put 1099-misc for money paid out

If you have farm rental income, the income is included on Schedule E. YOu will be asked in the interview if you issued any 1099s. Answer yes.

 

Since there is no specific category for rent, you can make it a miscellaneous expense with a definition.

 

See this answer from Cattlerancher.

 

Farm land rented for cash goes directly onto schedule E.

 

Farm Rental is for when the landlord receives share crop income, (a percentage of the crop raised, not a cash payment).

 

Earned Income from a farm goes on schedule F which is subject to Se tax.

 

This is from the General Instructions for IRS form 4835;

Do not use Form 4835 if you were a/an:

• Tenant—instead use Schedule F (Form 1040) to report farm income and expenses;

• Landowner (or sub-lessor) and materially participated in the operation or management of the farm—instead use Schedule F (Form 1040) to report farm income and expenses;

• Landowner (or sub-lessor) and received cash rent for pasture or farmland based on a flat charge—instead report as income on Schedule E (Form 1040), Part I;

• Estate or trust with rental income and expenses from crop and livestock shares—instead report on Schedule E (Form 1040), Part I;

or • Partnership or S corporation with rental income and expenses from crop and livestock shares—instead report on Form 8825

View solution in original post

2 Replies
ColeenD3
Expert Alumni

paid out to partial owner where do i put 1099-misc for money paid out

If you have farm rental income, the income is included on Schedule E. YOu will be asked in the interview if you issued any 1099s. Answer yes.

 

Since there is no specific category for rent, you can make it a miscellaneous expense with a definition.

 

See this answer from Cattlerancher.

 

Farm land rented for cash goes directly onto schedule E.

 

Farm Rental is for when the landlord receives share crop income, (a percentage of the crop raised, not a cash payment).

 

Earned Income from a farm goes on schedule F which is subject to Se tax.

 

This is from the General Instructions for IRS form 4835;

Do not use Form 4835 if you were a/an:

• Tenant—instead use Schedule F (Form 1040) to report farm income and expenses;

• Landowner (or sub-lessor) and materially participated in the operation or management of the farm—instead use Schedule F (Form 1040) to report farm income and expenses;

• Landowner (or sub-lessor) and received cash rent for pasture or farmland based on a flat charge—instead report as income on Schedule E (Form 1040), Part I;

• Estate or trust with rental income and expenses from crop and livestock shares—instead report on Schedule E (Form 1040), Part I;

or • Partnership or S corporation with rental income and expenses from crop and livestock shares—instead report on Form 8825

paid out to partial owner where do i put 1099-misc for money paid out

Thank you 😊 

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