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bt-dulee
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I rent out farm land. I receive rental income via a 1099, and I pay property taxes. I record this in the Rental Property section in Turbo Tax. Is this correct?

I have no other expenses.  Turbo Tax calculates the depreciation.
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1 Reply
Hal_Al
Level 15

I rent out farm land. I receive rental income via a 1099, and I pay property taxes. I record this in the Rental Property section in Turbo Tax. Is this correct?

Yes, you enter that in the Rental Property section in Turbo Tax (TT), if you are paid cash rent. The amount should be in box 1 of the 1099-Misc. When you enter at the 1099-Misc screen, TT will place it on schedule E.

You do not use form 4835 or schedule F. Schedule F is for farming businesses and Form 4835, Farm Rental Income and Expenses, is for a share cropping rental arrangement.

But, you have entered something wrong. farm land is not depreciated. 

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