When addressing farm land rented to others for cattle and hunting leases, are the property descriptions to be entered under rental property when entering in turbotax?

[Cattlerancher · Accepted solution]

Yes. If the payment you receive is a monetary (cash) payment for rental income, it is entered under Rental Property and Royalties (schedule E). Renting cattle pasture and hunting rights is classified as rental income and to be reported on schedule E.

The only other place in TurboTax this is confused with is Farm Rental (4835). This section is used only when you receive a percentage of the crop raised on the farm as your rental income. This is known as share cropping.