I've been using Turbotax Deluxe for last several years. I have passive income from shares in a farm that I own wherein a local farmer does all the farming and makes decisions, etc. I've always answered "not materially partipated" in Turbotax, which I easily fit into. But Turbotax has been listing the income on Schedule F instead of Form 4835 where it should be. Shouldn't TT show the income on Form 4835? As a result, of Schedule F, I end up paying self-employment taxes. Can you tell me what is happening here? Was Form 4835 available in previous years? It's only TT2023 where I noticed it showing up.
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Yes, certain answers to TurboTax questions in this topic will report Farm Rental Income on Schedule F or even Schedule E. Follow these steps to report this activity on Form 4835.
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