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Investors & landlords
Thank you to Irene S. for providing enough information to answer my question. I received fixed annual payments for farm land rental, so will report as simple rental property. However, my understand is that the first part of Irene's answer below is misleading, which she clarifies in the next sentence. This is because it's not whether you received cash payments or a share of the production, but whether it is a "fixed cash" payment that does not vary by the amount of production. A share of the production can be in cash or actual ownership of share crop to sell. If anybody thinks I'm wrong on this, PLEASE let us all know.
Irene's answer: "It depends on whether you receive cash payments or a share of the production as rent. Use:
Schedule E, if you are receiving fixed cash payments for rent; OR Form 4835, if you received a share of the production as rent. "