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Level 3
June 1, 2019
Question

As a landowner, how do I report farming rental income?

  • June 1, 2019
  • 1 reply
  • 10 views

I purchased a non-US farm that I rent out to the tenant farmer for cash. The assets consist of a farmhouse, barn, fields, fencing, roads and woodlands. I do not materially participate other than fulfill certain obligations of road maintenance, fence repairs and replacement, insurance and building maintenance.

I believe I report income and expenses on Sch E and do not need Form 4835. Can anyone confirm this? What can be depreciated?

1 reply

Level 2
June 1, 2019
report rents on sch e