LeticiaF1
Expert Alumni

Deductions & credits

Yes, that is correct, the tiling, fencing, buildings, house and the amortization of excess fertilizer will go in as depreciable assets on Form 4562.  For the rental of the land, the income and expenses will go on Schedule E.  

 

If you would like more information see the following TurboTax articles related to your question:

 

What is Schedule F: Profit or Loss from Farming

 

Where do I enter Form 4562?

 

@Farmgirl123