We rent out land to a farmer and get a yearly check, it this considered a business or trade and where do I report it. We get a 1099 Misc form for it.

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We rent out land to a farmer and get a yearly check, it this considered a business or trade and where do I report it. We get a 1099 Misc form for it.

It is rental income, not a trade or business.

https://ttlc.intuit.com/replies/4796955

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We rent out land to a farmer and get a yearly check, it this considered a business or trade and where do I report it. We get a 1099 Misc form for it.

It is rental income, not a trade or business.

https://ttlc.intuit.com/replies/4796955

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