There appears to be two places to report a rental farm income. Rental and farm. I got a 1099misc and put that the 1099misc area.
You'll need to sign in or create an account to connect with an expert.
It appears you are using TurboTax Premier desktop/CD. If your 1099-misc has income in box 1, it is rental income. Even if this income is from renting farm land to a farmer, it is a cash payment of rental income. This type of income is to be reported in TurboTax under Rental Properties and Royalties (schedule E).
To remove your incorrect entries, click into the forms mode using the forms tab in the upper right hand corner of your screen, find form 4835 which is Farm Rental in TurboTax and click Delete Form in the bottom row. Farm Rental is for when you receive a percentage of the crop as payment for rental income.
If you do not operate a farm business, do the same as above with schedule F which is called Farm Income and Expenses in TurboTax. Farm Income and Expenses is for when you operate a farm business.
It appears you are using TurboTax Premier desktop/CD. If your 1099-misc has income in box 1, it is rental income. Even if this income is from renting farm land to a farmer, it is a cash payment of rental income. This type of income is to be reported in TurboTax under Rental Properties and Royalties (schedule E).
To remove your incorrect entries, click into the forms mode using the forms tab in the upper right hand corner of your screen, find form 4835 which is Farm Rental in TurboTax and click Delete Form in the bottom row. Farm Rental is for when you receive a percentage of the crop as payment for rental income.
If you do not operate a farm business, do the same as above with schedule F which is called Farm Income and Expenses in TurboTax. Farm Income and Expenses is for when you operate a farm business.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
zzz8881
New Member
mayabajwa
New Member
abragg2022
New Member
kare2k13
Level 4
Mike2959
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.