Where in TurboTax do I enter Form 4835 income and expense?
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To enter Form 4835 Go to Federal Taxes, Income & Expenses, then scroll down and find a tab for All Income.
Find the topic "Rentals, Royalties, and Farm" and choose Start or Update.
It goes on the same page as "Farm." You have to check the "no" box when it asks about active participation in order for it to flow to Form 4835.
Actually, you have to check "No" when it asks about MATERIAL participation to get it to flow to form 4835 instead of Schedule F. Passive and/or active participation flows to form 4835. Material participation flows to schedule F.
In the Farm Rental Income and Expenses Information section is where you can click Update, then click through until you reach "Did you actively participate?" screen. If applicable, you can click "Yes" here and still use Form 4835.
You're right. I stand corrected.
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