- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Thanks Martin. Turbo Tax put the amount on the 4385 for 2020, probably because of the following: In farming, you can choose to delay payment for a crop into the following year. Although the land was cash leased in 2020, we had a deferred crop amount that went on to the schedule F (even though we were not actively farming the land in that year.) Should I override TT and put the cash rent amount directly into Part 1 of Schedule E (the way it is it still ends up on Schedule E but on the back of the page in a different section.) Or will it really make any difference? I appreciate your response and help...thank you for such a speedy reply to my original question.
‎August 31, 2021
2:34 PM