I received a 1099-PATR for land I purchased for personal use. However, I do lease some of the land to a local farmer. Do I need to claim the dividends as income?
I purchased 92 acres of land for personal use. However, I lease 40 of it to a local farmer. I claim the income from the lease on schedule e... Do I need to claim the 1099-PATR and if so, where would I claim it?
