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Leroy48
New Member

I receive cash rent for my farm property. NO expenses. Why can't I file using the Deluxe form?

The premier form won't  show my farm income in the income summary.  Why?  I entered my farm income when required.  It  just sends me in a circle thru previously asks questions.
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3 Replies

I receive cash rent for my farm property. NO expenses. Why can't I file using the Deluxe form?

The Sch F requires the Premier version if you use the ONLINE program.

 

OR TRY ONE OF THE IRS FREE FILE OPTIONS IF YOU QUALIFY ...https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free

Carl
Level 15

I receive cash rent for my farm property. NO expenses. Why can't I file using the Deluxe form?

Farm income of "any" type for any reason is reported on SCH F. So you'll have to upgrade. If you have depreciable or depletable assets, then that further supports the need to use SCH F.

 

I receive cash rent for my farm property. NO expenses. Why can't I file using the Deluxe form?


@Leroy48 wrote:
The premier form won't  show my farm income in the income summary.  Why?  I entered my farm income when required.  It  just sends me in a circle thru previously asks questions.

Where are you reporting the income in the program? If you rent your land for cash based on a flat charge, the income belongs on Schedule E.

 

See https://www.irs.gov/instructions/i1040sf#idm140193328573280

 

See also https://www.irs.gov/instructions/i1040se#idm140609575949888

 

See also https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-own-farm-land-and-r...

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