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Business & farm
It depends. You can add it to the Schedule F, however since it is listed as rent you may want to include it either on Form 4835, Farm Rental or Schedule E Land Rental.
- What is Form 4835: Farm Rental Income and Expenses?
- This will help you decide which form you might choose.
Enter in TurboTax using one of the following steps:
- Open your TurboTax return
- Select Wages & Income or Business Income (TurboTax Desktop) > Scroll to Farm Income and Expenses > Select Farm Rental Income and Expenses > Start/Update
- Search (upper right) rentals > Click the Jump to ... link > Continue to add your farm land rental
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March 16, 2024
8:19 AM