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Investors & landlords
You would report it in 1040 as farm income:
- federal>wages and income>Rentals, Royalties, and Farm>show more
- Farm Income and Farm Rental>start
- select I have income operating a farm
- Next you will enter your farm's Name and other information
- then you will reach a screen that says tell Us About Your Farm
- the next screen is where you will check that you sold or otherwise disposed of this farm during 2019 then will begin asking a series of questions about the sale of your farm
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March 11, 2020
5:48 PM