We have a small cattle farm in texas, stand alone it would be profitable only a couple years in 5, so we restored the historic farmhouse and now rent it out as a farm vacation stay. "famication" as an experience. People who stay get to interact with farming feed cows, cuddle, bottle the babies. Hike the trails, fix fences etc. To try to make it a profitable business year on year.
Its all under one farm agricultural mortgage, and agricultural exemptions and 1 farm insurance. The farm house is 100% used for rentals , we have our own residence on a separate mortgage/title.
Do i treat the farm house rental income as "farm rental income" or as "rental property income"
