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Investors & landlords
The category would be rental income for the farmland you rent to a local farmer to grow/sell crops. Rental income and expenses are entered in Schedule E Supplemental Income and Loss.
To enter your rental information follow these steps:
- In TurboTax, search for rentals and select the Jump to link at the top of the search results.
- Answer Yes to the question Did you have any rental or royalty income and expenses in 2021 for property you own?
- Follow the on-screen instructions as you proceed through the rental and royalties section.
- You will be asked to enter general information about your rental (like description, address, and ownership percentage).
- On the page Rental Summary screen, is where you enter your rental income and expenses, assets and depreciation, and vehicle expenses.
This link Where do I enter income and expenses from a rental property? has information you may find useful.
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‎February 2, 2022
12:33 PM