DaveF1006
Expert Alumni

Investors & landlords

You would report it in 1040 as farm income: 

  1. federal>wages and income>Rentals, Royalties, and Farm>show more
  2. Farm Income and Farm Rental>start
  3. select I have income operating a farm
  4. Next you will enter your farm's Name and other information
  5. then you will reach a screen that says tell Us About Your Farm
  6. 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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