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Investors & landlords
I have a farm which I rented to another farmer at a fixed amount and for a period of 1 year. He does the actual farming, I do not. But, I also have expenses associated with the buildings on the farm, such as insurance, taxes, utilities, etc. So if I enter the rental income as income from rental property, then do I also enter all expenses in the same section or leave it in the. farm expenses section.?
May 10, 2021
6:59 AM