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My siblings and I own a crop farm jointly. A farmer works it, and takes 2/3 of the crop sale. We do not own any equipment or make material decisions or work any aspect of it. Self employed or rental?

We pay property taxes and share of fertilizers etc.  It is not an LLC. And no employees.
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My siblings and I own a crop farm jointly. A farmer works it, and takes 2/3 of the crop sale. We do not own any equipment or make material decisions or work any aspect of it. Self employed or rental?

You have a Farm Rental in TurboTax which is not subject to Self Employment (SE) tax. This section uses form 4835 which allows for all your income and expenses associated with this rental. The totals flow to schedule E. This form is only used when you receive a share of the crop raised as rental income, often referred to as share crop income.

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My siblings and I own a crop farm jointly. A farmer works it, and takes 2/3 of the crop sale. We do not own any equipment or make material decisions or work any aspect of it. Self employed or rental?

You have a Farm Rental in TurboTax which is not subject to Self Employment (SE) tax. This section uses form 4835 which allows for all your income and expenses associated with this rental. The totals flow to schedule E. This form is only used when you receive a share of the crop raised as rental income, often referred to as share crop income.

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