sarah63
New Member

Get your taxes done using TurboTax

So we received this form because, yes, we received dividend from a land bank associated with the mortgage we have on land with an agricultural exemption. We do not run a business on the land, but per Texas law we may have an agricultural exemption since someone grazes cattle on the land. So we do not have to do anything with this? I want to be very clear that we do not have to claim this as income?????