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Farm rent and expenses as a passive activity.
I own a farm that I rent out as cash rent. I have some expense like insurance and taxes. My tenants will be sending me a 1099 for the rent they pay. Do I use schedule F or E. I am under the impression that sch F does not apply in my case. I do have some depreciation for drainage tile.
Thanks for any help.
‎October 19, 2019
11:37 AM