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I have a Pine Plantation tree farm and I have signed a contract to lease land for a cell tower. I will receive monthly rental income where do I show this income.
Do I show this as miscellaneous farm income, or on schedule E? I have a farming loss on the years I do not cut timber, if shown on schedule E can the farming loss be used against the rental income?
‎June 1, 2019
12:09 PM