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Level 1
posted Feb 14, 2025 9:43:40 AM

How to input Farm Rental in TurboTax - Received 1099-MISC - Just renting farm land for a yearly price

I want to make sure I enter this correctly. I own farm land that I rent out for someone to grow crops on. I only receive a yearly amount on a 1099-MISC. It looks as though I have this listed in two separate places in TurboTax.

I have the $3895 listed as Rental Properties and Royalties.

I also have it listed as Business Items - Farm Income and Farm Rental.

Would someone please see if I have this correct? 

Thanks.

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1 Replies
Expert Alumni
Feb 14, 2025 12:28:47 PM

Farm Rental Income is business income that is reported on Form 4835. since you didn't materially participate in running the farm. This form appears under the Farm Income and Farm Rental topic.

 

If you entered Form 1099-MISC under the 1099 topic, it's possible your entry created a rental property instead. To fix this, click Update beside Rental Properties and delete the duplicate rental property. The correct information under Farm Rental will remain on your return.