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Deductions & credits
@Farmgirl123 wrote:so you segregate the improvement from the farmland?
So I enter the farmland on 1b as 5.
Where do you enter asset on the 1040e to depreciate? As other on 1b or 8?
Sort of. It is still one rental of land (yes, #5 on line 1b). The tiling is a sub-section of the land rental.
As you continue to go into the questions for that land rental, there will be a section asking for assets or depreciation. You will enter the information there about the tiling.
‎January 11, 2025
4:15 PM