Rental income on jointly owned farm land

[Bison456]

I own farm land with my brother. He rents the farm land out, keeps the income and pays all expenses (property taxes, insurance, etc). Do I need to report anything on my return or does he report full share of income and expenses?

[Critter]

If he is reporting it all there is nothing for you to report. 

[Carl]

As I'm sure you know, land is not a depreciable asset. But if the rental includes any structures on that land or other depreciable assets, make ***SURE*** detailed and accurate records are kept. Otherwise, whenever the property is sold or otherwise disposed of you *will* have *major* issues with the IRS that will $cost$ both of you dearly.