bevygirl65
Returning Member

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.